$145k - yeah a drop in the bucket considering all the money they need to get this project off the ground. Wait until the convertibles start showing up. And don't be fooled into thinking x amt of dollars is equivalent to a specific amount of shares. If 7 billion shares that were going to Hanks originally for his $340 MILLION PROJECT PLAN and you would need to finance ANOTHER $450 million the share count will be massive. Add to that the conversion features that allows conversions well under the current PPS and you have an absolute avalanche of shares being dumped on retail shareholders.
JSJ is only one of many toxic finders who will show up. The current note will either be paid off by borrowing from another toxic funder of JSJ investments will switch their current note to a convertible. And you better believe $145k will be well over the 10 million shares you are thinking. Small $ amounts like these can go to the billions in shares with conversions.
The storyline is still young and I expect many more toxic finders to pile on. Money is not free and shareholders here will feel it - painfully so.
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