EQ Labs Inc (EQLB)

[Blackcat7717]

Question to MO:

Many shareholders are concerned with dilution. Can you comment on this?

Answer from MO:

Dilution is a MISUNDERSTOOD term on Wall Street. Most IPO's are dilutive. We are growing rapidly and therefore, it would be prudent for our company to raise capital when we can at the best available terms. No one in this company is more concerned with dilution than me because I am the largest single shareholder today. I will never do anything that I believe is not in the best interests of all shareholders' equity positions.

Can someone help me with this answer from MO on dilution. Raise money how with who at what price? .01 Is the stock the company is useing to raise money RESTRICTED STOCK or not. (Restricted cannot sell for 2 Years). Yes IPO is dilution, However the shareholders know the number of shares trading in ithe market place. He is telling us to trust him when raising capital without us being told. In reality we are the ones raising the capital for the company. If he had a secondary offering at a specified price (eq. 0.02, we would not have bought stock at high prices all the way up to .20 cents.