They did pay off a large outstanding debt, no matter how painful it was to existing shareholders.
Technical indicators only work if the dilution is over, it's never oversold if the shares keep coming. The volume has diminished recently though.
The restricted shares paid for the acquisition of Den packaging were a deposit, I believe there is 1.8 million outstanding on an acquisition valued at 2 mil since the restricted shares were valued at $900,000.
The particulars of the restriction were not specified.
The company being purchased (DEN) by the company (Vital Products)is being purchased from the CEO Levine
They are paying rent for their facilities to a vendor in which the CEO Levine has a majority interest.
As of their last filing there was zero revenue generated by their business. Apparently this is due to a change in direction for the company. The original business they purchased from Metro One for 1.7 million was not competitive according to statements in the filings.
The picture portrayed by the press releases and the one outlined in the filings would seem to be at odds.
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