Supurva Healthcare Group Inc (SPRV)

[dss19552002]

The dilution BS obviously wasn't BS, as you certainly agree. They didn't issue as many shares this quarter as they did the previous quarter, but they still issued a little over 769,000 shares. Not much compared with a billion, but still adding to the share count. To say it isn't an issue anymore doesn't seem to be true, though. If I read the disclosure correctly, it appears they need to issue $500,000 worth of shares in the future, so there are certainly more shares to come.

You can ask the question as to whether this is good or bad news. However, given that none of these shares added has contributed to a revenue producing business, it's hard to say that this is good news. They need to issue shares to pay what bills they have, though apart from debt, they may not have any, as they don't really have a office of their own.