Correct. This one has only paid its debts through conversions being dumped on the open market.
Legit companies either get investors with financial funding so the company doesn't have to dump shares on the investors decreasing the value. Also so the company doesn't have to RS rendering shareholders value worthless. Sometimes the mgmt or players involve invest their own money to help carry or prop up the company till it generates funds.
They could issue preferred shares with restriction or get the note holders to hold instead of convert. In order for that to happen they have to see value and potential in the company. THEY DONT. FPFI under KQ has done nothing but sell shares for the last 2 years with 2 RS and they got a whopping 7k in revenue with another 400k in toxic financing. Only guarantee is that there will be more toxic debt, more increases to the OS and continued decrease value to shareholders.
All because KQ at this point is only here to run conversions and could care less about addressing or OFFERING shareholder value.
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