Dilution probably hasn't begun yet.
Since we're not seeing a really large number of $COIN shares moved every day, it's probable that the conversion and dilution by Iroquois hasn't begun, and my prediction from a couple of weeks ago was wrong.
Nobody's perfect.
Yet we know that COIN is basically out of cash, can't generate enough revenue to pay its bills, and they need to negotiate another deal to somehow bring operating cash into the company so that Ed Gildea can keep the salary money train rolling.
Therefore, I think that they're now in the process of negotiating a new deal with Iroquois, and while they do so, Iroquois is holding-off on beginning the conversion and dilution process until that new deal (which will probably be even better for Iroquois) is signed.
My guess is that we'll see that new deal within two weeks of today.
If not, then IMO, Converted Organics will file for BK before the end of March.
AI
Market Data 
Markets 
