300,000 more shares
I did not confirm or look into 300,000 more shares hitting the market, but I will say this much - For a company not doing any revenues, 300,000 more shares is a lot.
THIS IS WHAT CRAP COMPANIES DO - KEEP ISSUING SHARES (MORE SHARES) AND DILUTING CURRENT INVESTORS.
Since Simmonds has no money, I am expecting employees to be paid with shares, more dilution to investors, stock decrreasing every week and getting WLSA to $0.001 a share.
It's what always happens to pink sheet companies with no revenues, no cash, no real business, blah, blah, blah.
My opinions are just that, but it would seem as if 300,000 more shares means less upside for current investors. Just wait and see what happens to the stock price when the person sells those 300,000 shares. I am expecting 2 cents by the end of May
