Shamika 2 Gold, Inc. (fka SHMX)

[1manband]

The volume is not positive. The massive dilution has begun.

The Schedule 14C which increased the A/S from 300 million to 2 billion common shares is now effective. So, the toxic death spiral convertible holders have begun to convert their hundreds of millions of common shares (convertible at a massive discount to the market price) into shares and are dumping them. The lower the price, the more shares they get in the conversion.

Expect a lot more of this dumping - probably at ever lower prices. That is why they are called "death spirals".