Tuesday, April 26, 2022 9:21:27 AM
At least he's physically doing something. I want to see Q1 fins. I want to know whether he took any new loans out in Q1, or if we are almost done the dilution.
By my estimation, if no new loans were taken out, then there are only 617,876,754 shares remaining of dilution from past loans.
There's also the offering the company itself took out, which I do not believe they have provided any shares from yet. I believe right now it's still dilution from loans. The offering the company has registered is for just under 6 billion shares.
The offering the company puts out is much less harmful to shareholders than the dilution from bad terms on loans. They can't per the registered offering, sell shares below 0.00035 on average. Which means, they can sell 100 shares at 0.0003 for every 100 they sell at 0.0004 (as long as the average is 0.00035).
Lots to consider, but we are looking much better so long as Q1 fins aren't term after term of new terrible loans.
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