Replies to post #13368 on GeneSYS ID Inc fka GNID

[HokieHead]

Obviously you do not know how to read.

The additional ten million shares are added to the outstanding and are restricted for over a year before then can even think about selling them, even if the wanted to. The restricted outstanding shares are being used for a capital raise, it's pretty common sense, why else would the do it.

Also you comment of 10 million added to a 1,510,252 float is incorrect. The float is in the 325,000 range, not the 1.5 million range, the was the shares outstanding.

Keep spinning it how you want to see it, you will get your answers soon enough. Good thing someone else doesn't and didn't get that CEO seat, if someone other than Lorraine was in it, like some banker wannabe, we'd be in trouble.

[DCorleone]

Thank you for correction, but I think you know I meant OS when I said float on RXSF, if the truth be told.
"Why would they do it "
LMAO

[StockMedic1]

Dilution? What are you even talking about. There is technical - non-effective- dilution. Doesn't affect any current float shareholder and won't for over a year. But you know that, don't you. They protected all shareholders by giving the company a real chance of raising real capital. Market cap....$23M now. So whats your beef - there was NO OTHER WAY to do that without actual immediate float dilution. Period.They only increased the outstanding shares, not the float.

When you say something like "they did it to protect themselves" you mislead this board, especially since the CEO told shareholders what the reverse split was for. and how it would be used in the future.