YIKES $40,800,000 market cap. based on 3.4 billion shares outstanding.
WOW! 3.4 BILLION x .012 per share = $40.8 MILLION!!!
Another likely 5.3 BILLION + 3.9 BILLION = 9.2 BILLION likely share dilution for as much as 12.6 BILLION shares soon to be outstanding! (before their massive reverse split...wonder if any officers hold any adverse clauses that stop any dilution of their insider shares)...Ecoloclean (ECCI) does have such a clause!!!
3.4 BILLION outstanding + 9.2 BILLION potential near-term dilution = 12.6 BILLION shares outstanding. For every $1,000,000 in net profits that is $0.000079365 per share in earnings (less than 1/100 of a penny per share in earnings)
The market cap is a whopping $151,200,000!!! if you assume 12.6 BILLION share outstanding and all debt is converted to common stock!!! 12.6 BILLION x .012 per share = 151.2 MILLION!!! That is insane!!!
See below for proof and past posts and the site for this info...massive dilution is coming...it is just a matter of when...WOW!!!
YIKES!!! I will not be surprised if this stock falls as low as .0001 per share (pre-reverse split)...the board will very likely want to do a reverse split of 1 for every 100 shares!!!
Up to 12.6 BILLION shares could be outstanding with a few months...it is like Zimbabwe inflation rate that spiraled out of control...YIKES!!!
10Q: As of May 8, 2009, the registrant had 3,355,551,122 shares of common stock outstanding.
At March 31, 2009, our outstanding convertible notes were convertible into 5.3 billion shares of common stock. On April 2, 2009 we sold additional notes and warrants, convertible into 3.9 billion shares of common stock. Future sales of shares of our common stock by existing stockholders, holders of preferred stock who might convert such preferred stock into common stock, holders of convertible notes who might convert such convertible notes into common stock and option and warrant holders who may exercise their options and warrants to purchase common stock also could adversely affect the market price of our common stock. Moreover, the perception that sales of substantial amounts of our common stock might occur could adversely affect the market price of our common stock.
As our convertible noteholders convert their notes into shares of our common stock, our stockholders will be diluted
Please discuss this...
AI
