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bellator_exec

11/18/14 7:37 PM

#71358 RE: Alldaymnvikes #71356

A Zero Sum Game

Dilution numbers the previous 24 months....

MSLP shares outstanding as of:

June 30, 2012 -- 1,633,675

June 30, 2013 -- 5,686,323

June 30, 2014 -- 11,863,882

June 30, 2015 -- 18,000,000 (projected)

As any remedial mathematician can plainly see, previous MSLP revenue (and/or earnings) growth has been more than offset by massive dilution. Another huge dilution round is already scheduled to vest December 31, 2015 as part of the remaining 83% award grant from 2013. Likely additional working capital needs will continue to drive dilution higher. Management disclosed during the conference call yesterday that O/S is already 13,500,000 currently.


http://en.wikipedia.org/wiki/Zero-sum_game