aGoodCHance, you must be reading my mind.
I have a thought to offer which relates exactly to your point. I wish it was good.
First, your point is THE ONLY plus I can see from this, but is this a plus? Is the reason we invested in CMKX so that they can do favors for MM's at our expense?
800 billion in Authorized Shares doesn't benefit us.
Microsoft has 10 billion shares outstanding. Assuming dilition is to 800 billion, Microsoft's current share price would be 33 cents/share. Newmont Mining is a large gold mining exploration and production company, and always serves as one of the barometers in the gold market on the big board. It has 406 million outstanding shares. Assuming they were diluated to 800 billion shares, their share price would be 2.2 cents per share.
The leaders of this company told us this ship was going in the other direction. Their exposure at the races, by PR, by phone, by radio and the internet have said as much.
If they diluted 300,000,000,000 shares at the market at .0004, that is $120 million dollars in their pocket! If they dilute 300,000,000,000 shares at .0001, that is still $30 million dollars in their pocket! Either scenerio either drives the price to low levels or keeps the price held down, AT LONG'S EXPENSE.
I still haven't received a call back from Jeff at 1st Global, but I'm hoping to hear soon and report back to the board.
I truly invested in this company (and still am heavily invested) on the belief that their exploration efforts would be fruitful. Also, that by the hiring of Atty Glenn, share structure and any trading issues would be managed to our benefit, not for potential dilution of an additional 300,000,000,000 shares.
Keeping the chin up here for now the best I can.
Be well. Bo
AI
