Replies to post #848 on El Capitan Precious Metals Inc (ECPN)

[georgeiporgi]

chug,
issued shares March 31, 2016 = 311,181,187
issued shares June 30, 2016 = 324,969,996
only 5% dilution you say, that is 20% on an annual basis

But the next 10Q will show extreme acceleration of dilution, I predict issued shares will be 360,000,000+ in 10Q to Sep 30, 2016

Management said that the increase in authorized from 300,000,000 to 400,000,000 was only to have shares available for deal making. They said the same about increase in authorized from 400,000,000 to 500,000,000. I reckon by years end issued shares will be close to 400,000,000 and get well above that in 2017.

[georgeiporgi]

For those who say there is no dilution goin on, how do you explain the data below? Looks to me like the dilution acceleration pedal has been recently pushed to the floorboards. All to raise a bit of money when they say they gots $3.7 million in dirt gathering dust in a Tuscon warehouse. Truth is they can't give that worthless dirt away.

https://ycharts.com/companies/ECPN/shares_outstanding

Aug. 15, 2016 359.17M
June 30, 2016 324.97M
May 16, 2016 316.51M
March 31, 2016 311.18M
Feb. 16, 2016 307.68M
Jan. 11, 2016 307.68M
Dec. 31, 2015 307.68M
Sept. 30, 2015 285.40M
Aug. 14, 2015 282.55M