My Freightworld Technologies Inc (MYFT)

[user134247]

Too much here not to respond. Maybe good intended, but you are way off the mark here on several points.

Companies initially usually go public to raise funds until they have sufficient internally generated income to run the company,at which point it is SOP to begin buyback at some point
Many more times than not a reverse split will happen at this stage. Big board stocks do buy backs. misleading.

My definition of dilution is an:
issuance of stock at less than present market value that results in a reduction of pps. Then your definition has been met by all accounts here.

Imo only an idiot company would sell C/S into the market to raise funds at these depressed pps The company is selling preferred shares, the investors are selling the common shares, then recycling.

Issuing restricted shares is not dilution because they can't be sold into the market. And not all pp's are at less than present market value. I got pulled into a pp where price of pp shares adjusted for cost is much greater than current market pps and restricted for 1 year. wrong again. There were 56 million freely tradable common shares issued during the first six months of 2011 resulting from the conversions of 3 holders of Preferred Series A stockholders receiving 44 million freely tradable common shares and the conversions of 4 holders of Preferred Series B stockholders receiving 12 million freely tradable common shares.

Take series B preferred. In trying to find what B paid/share fin st ending 6-30-11 says 9,659,259 sh B issued to pay off 2 M note-i.e B apparently paid .20705/share Wrong again. 9,659,259(x10) were used to pay the BALANCE of the note which was $758,000
Through third quarter of 2010, the Company
paid myFreightWorld.com $120,000 of accrued interest and $1.122 million in principal
payments. At September 30, 2010, the Company owed $758,000 on the note payable

also, original 2miilion investors received over 10 million total A & B

AND LAST BUT NOT LEAST, BUT MOST RECENT

During the first quarter of 2011, the Company issued 1,000,000 shares of Preferred Series B stock and 2,299,337 shares of Preferred Series C stock to accredited investors for $659,867 in cash...
1,000,000 B stock converts to = 10,000,000 common
2,299,337 C stock converts to = 45,986,740 common
------------------
Total 55,986,740 common

$659,867
--------------- = .01178/share
55,986,740


During the second quarter of 2011, the Company issued 4,085,000 shares of Preferred Series C stock to accredited investors for $817,600 in cash...
4,085,000 C stock converts to = 81,700,000 common..


$817,600
-------------- = .0100/share
81,700,000