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Re: DYNAMITE DAVE post# 15959

Wednesday, 10/10/2012 12:34:41 PM

Wednesday, October 10, 2012 12:34:41 PM

Post# of 44189
In the last month, there were less than 3 million shares traded. In the last 2 weeks just over 400,000. How from those numbers do you come to the conclusion that its dilution?

The rise in the AS from 125 million to 200 million was just before they released that they had closed the Cyn and Luca acquisition. Since they had no cash it is a reasonable assumption that it was paid for with those shares. More than likely those shares are restricted.

Why would they sell shares at this point? This company had no cash or revenues and they acquired a company with 10 million in sales via reverse merger. The acquisition took place in the quarter that just ended so we should see revenues in the next filing, which should be in a little over a month.
Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
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