Beatty/ASYI already did that with the BDS LOI all the way up to .049.
Shares sold between .015 and a high of .049 during the BDS LOI.
Using the OS in the May filing to figure the dilution based on the OS in the Nov. filing before the BDS LOI and you get a little over 300M in proven dilution during the BDS LOI.
Average pps of .03 X 300M = $9,000,000. That was a really nice payday for the insiders/note holders/consultants and that was just a few months ago.
"Why would they dilute at such a cheap share price?" Has been a common question since the KTEL LOI was announced. They already made $9,000,000 just a few months ago, what do they care what they sell them for now, it's all gravy money anyway.
The software that they had the "license" for was "never fully commercialized" and a value of $10 was put on it.
Add a few "loans" for less than $100K each and 9 million dollars turns into a pretty good payday!
tic(tues)toc(wed.)That spring that was "so tight" a few months ago acts more like a "slinky" now, as all the "slinky" could do was walk down just like ASYI has done.
