Ok
You do agree that when Floyd issues shares for cash we have an increase in OSs right away, I hope that is not a problem.
I think what you are talking about is convertibles, yes when bond or owner of convertible preferred shares exercises they end up with proportionate number of common shares, right?
1. Do we have an increase in OSs? Absolutely
2. Does it dilute the ownership of previous, absolutely?
3. Do it have an impact on price, yes.
Also if you read some of those material agreements Floyd entered into ( I can even refer you to a paragraph), most of those numbers are adjustable especially under decreasing market price (crude example, initially $100 for 1000shares/10cents, now it adjusts itself to a proportionate number of shares/current price or today .0017share/average if they convert), however the moment they are converted that number remains fixed and anybody who holds them under decreasing price, threat of R/S, approaching 000 wants to rid of them ASAP. That is how share price ended where it is. That is another concern because most of those agreements have been issued at the range .01-.10 cents/share and now, I do truly believe Floyd is going to do increase in ASs or R/S, math doesn't lie. Remember MMs and hedge funds always make money no matter what. IMO
AI
