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powerfullogic

03/14/17 11:24 AM

#3483 RE: Spider Web #3481

Thank you for your posts. The pumpers here are a very shameful lot. In their hearts they know there is no hope for this company to overcome their insurmountable debt and that the business model is not viable. No matter how wonderful the product, unless it is a government subsidy you cannot produce it for a loss indefinitely. They know this but wish to draw in other victims to add validity to their cult delusion.

Spider Web

03/16/17 2:30 PM

#3485 RE: Spider Web #3481

The Dilution Continues

Sold Last Tuesday
Trade Date Mar 14, 2017
270,374 Shs Sold At $0.46
Filing Date Mar 16, 2017

That's 3,236,364 More Shs Diluted
Into The OS & Float In Just 2 Weeks



Insider Form-4 Dilution
Oct 14, 2016 - Mar 14, 2017
16,304,009 Shs by Maxwell Ltd
Nov 2016 - Mar 2017
76,266 Shs by Management
TOTAL SOLD = 16,380,275


Current March 2017 Outstanding Shs
Guessing about 370,904,492 or even higher
( Sept 2015 the OS was only 140,374,297 )

ATM (At The Market) Dilution
The ATM could be another 100,000,000 Shs
diluted into the OS and Float at today's pps.

This 1st Qtr Will Not Be Good
They won't even be able to stay ahead of the dilution. And that's on top of all the debt, bad deals, and interest payments. They have no cash. They will pay the interest on debt with common shs, adding to the dilution. They won't meet their collaboration requirements, and will be forced to make those bad deals even worse. They have to do a Reverse-Split.

Heading Down To The 30's
The New Top is still $0.444. And heading down into the 30's. Don't be fooled by little technical bounces on the chart. The Market Makers take advantage of you that way. They are helping insiders Dump and Dilute shs. They know the plan ... A 1-for-20 Reverse-Split.


Just My Opinion