Safeplus International Holdings Ltd. (ACAI)

[sunspotter]

"It looks like the selling/dilution that's taken it from .20 - .30 range down to where its at now, has finally ended"

Hello!?

Today, unless I'm much mistaken, at the urging of cyberbub0 and others, the Special General Meeting authorized an increase in the outstanding float to 800 million shares.

The current number of issued shares is 175 million.

The new potential float represents 357% dilution (or MegaDilution, as I like to think of it) against the current float.

Biophan's management have shown that they would rather dilute their existing shareholders than use the $5.6 million cash they have on hand to service their interest payments - that was their admitted reason for requesting the extra 625 million shares - and therefore you can be 100% confident that they will use all of these newly minted shares over the coming weeks and months.

Therefore I think your belief that dilution is over in mistaken, and lacks any sensible rationale.

I await any convincing reason, just one, to substantiate the highly positive sentiments that have been expressed about Biophan's future on this message board this evening.

Frankly I'm amazed that, in the face of the facts, anybody can believe that the future for Biophan stock is anything other than dire, but I'd love to hear why anyone should think so.

TIA.