SGT Rock-- Nice to see a legit followup inquiry to your questions below.
1--
I have mentioned in my previous posts all the mechanisms to raise funds by selling common stock. There are a few and they have no relation to financial health of company. If you have a liquid market, even at 0001 there are a ton of players that will buy stock privately (converted to free trading) at a discount and cash the shares into the liquidity. This is the constant dilution I believe is happening here every minute of every day.
2--
In many pink companies (you will see they are domiciled often in Vegas, for example) the CEO can issue shares to himself just with a corporate resolution signed by the other corporate officers and no shareholder approval needed. That simple. After a reverse split, he simply replaces his shares with an issuance. There is slight justification needed but the threshold is low and easy to achieve. CEO will most often always be the largest shareholder. Generally they have all the preferred shares (with extra voting rights) and majority holder of common stock as well.
Welcome to pinkeyland.
<Correct me if I am wrong, but in order for a company to raise capital by issuing common stock - don't they have to be in good financial health?
It's my understanding that investment banks help companies issue stock by agreeing to buy any new shares issued at a set price if the public refuses to buy said stock at a certain minimum price.
Therefore, wouldn't DM and crew have to have a solid plan in place - especially in our current economic stance - before any bank would back EVFL?
I mean - to suggest that DM could roll out and issues himself another 200 MIL shares doesn't sound very plausible to me.>
