So the CYDM acquisition is a SCAM by HYPING CEO GREGORY EVANS!!??
I asked for any criticism of my analysis of the CYDM purchase by HYPING LGTT CEO EVANS and I got none. So I'm assuming that not ONE person can tell me where the math is incorrect?? So sharpen your pencils, here is one last chance to tell the new BAGHOLDERS WHY SCAMMING CEO EVANS didn't really scam them.
1. PR that LGTT has LOI to purchase CYDM.
2. CYDM will operate independently and LGTT shareholders will get 1 share of CYDM for every 5 shares of LGTT they own.
3. HYPING CEO EVANS puts out video blog ranting at shareholders who according to CEO whine even when he buys a company with a pps of .18.
Here comes the fun that SSCAMMING CEO Evans left out of PR and video blog.
1. There are 1 billion+ outstanding shares of LGTT.
2. There are 629,000 outstanding shares of CYDM.
3. If LGTT shareholders get 1 share of CYDM for every 5 shares of LGTT, then 1 billion divided by 5 means there needs to be 200 million shares of CYDM for the dividend.
4. SCAMMING CEO Evans will be short over 199 million shares of CYDM!!!
5. SCAMMING CEO Evans will need to DILUTE DILUTE DILUTE CYDM by 199+ million shares to give the dividend to LGTT shareholders.
6. Guess what? That's a dilution of CYDM of over 30,000%!!!!
That's 30,000%!!!!!!!!!!!!!!
Aby idea what happens to the price of an .18 stock when it is DILUTED by 30,000%!!?? It becomes a triple ZERO sub-penny stock!!!
Hmmmmm.....I'm guessing that meets the definition of SCAM and HYPE? Especially when we know that VERT sold over 100 million shares on the CYDM purchase PR. Yep, that would be our CEO....HYPING AND SCAMMING EVANS!!! He sold company shares into HYPED news, PLAIN AND SIMPLE!!!
PS - I have never worked for LGTT or Greg Evans. I am not being paid by anyone to post here.
