At least you told them before it gets even worse, I for one am glad to be out on this one, and just in time,... (for a change) lol...
I don't know where all those shares came from, is it debt conversion, the comp selling share to pay for services etc...
But I'm sure that not many know how the Auctus deal really works, thats why I said that it will get worse first.
This is just my opinion but I think it will go to 0.001's, and for this motivated reason: at 0.0034 EVCA/Auctus has to sell 73.5 mil shares to get 250 000$. But we all know when so much shares are offered that the SP will go down so its hard to calculate precisely where the SP will go and how many shares they have sold at each down tick level.
Let say they sell 15 mil at 0.003, the SP goes to 0.0025 and they sell 30 mil, the SP goes to 0.002 and they sell 30 mil shares at this level.
15 mil sh at 0.003 = 45k$
30 mil sh at 0.0025 = 75k$
30 mil sh at 0.002 = 60k$
equals 180 000$, but since the SP goes down when there is so much sellin' going on they're still 70k$ short, so the drama continues. Thats another 50 million shares, calculated at 0.0015.
No wonder they increased the A/S to 450 million. Dmn it!!
If my calculations are off then I apologise, but I don't think I'm far off on this one... There is one light point of hope for the current holders and thats EVCA has a non-binding agreement with Auctus so they can cancel it at any time,...
But how are they going to finance their endeavour then?
AI
