Bill can still dilute even more without issuing more shares, as he has already done since maxing out the AS. All he has to do is sell off more "equity" in the company. Shares, "equity," same thing. See?
27,685,652-276,856,525 dollars worth of shares has been issued.
THINK ABOUT IT BRO. This company reports nothing but net LOSSES. Am I the only one who thinks it is just straight up insane that the people who got issued all these shares are able or will be able to make A LOT more money than the company has EVER MADE?
I haven't added up all the net losses in the past couple of years, thats what I'm planning on doing next.... Im guessing they have reported somewhere between 1-10 million dollars in net losses in the past couple of years.
Somewhere between 1,000,000-10,000,000 dollars worth of net losses VS 27,685,652-276,856,525 dollars worth of shares issued..
I can't make things much clearer than that... This stock is a big fat turd IMHO. GLTA holding this
2,768,565,250 shares already got issued according to their most recent filing with OTC....
A person or company with a net loss has not made a profit for a given year. Newer businesses often run at a net loss for the first few years, while acquiring one-time high cost expenses such as equipment, buildings, technology and rights.
Businesses that have a net loss don't necessarily go bankrupt because they may opt to use their retained earnings or loans in order to stay afloat. This strategy, however, is only short term, as a company without profits cannot continue surviving for a long period of time.
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