Applied Minerals Inc (AMNL)

[grandslam68]

“In March 2022 the Company entered into a consulting agreement with a firm that provide investor relations services. As part of the agreement the Company issued 10,000,000 restricted shares of common stock under to the firm.

“In March 2022 the Company entered into a settlement with a contract-mining provider to settle a liability of $200,000. The contract-mining provider mined iron for the Company during part of 2021. As part of the settlement, the Company agreed to pay the contract-mining provider (i) $10,000 per month over ten (10) consecutive months beginning April 2022 and (ii) a grant of 4,444,444 restricted shares of common stock.

“In March 2022 the Company issued 20,164,153 shares of common stock upon the conversion of 75,000 shares of Series B Preferred Stock issued in August 2021.”

So, in March alone, we issued a combined 34 million shares? That’s more than the trading volume for the entire month. No way we’re ever going to get any traction if this keeps up.