You've been in this play long enough to know that its not the CEO being greedy. Shame on you. Theres been no dilution today, more than likely because the debt has been paid in full as agreed to in the most recent 8k here.
Once confirmation of the debt being satisfied is announced, this bounces hard. The only reason the pps declined is because the debt being paid back as CLEARLY stated in the 8k in the link above. I'm willing to bet the float isn't even close to a billion, considering 700mil was set aside to be issued to satisfy the debt. I've seen several trip pennies bounce from these levels to multi pennies on nothing but thin air and speculation with a float of 2 bil and hire..we have a float that isn't even at a bil and we actually have a real company with a real verifiable business. Calm down, FILM is gonna do just fine.
If you consider that the debt was a little under 70k, hypothetically speaking, all of those allotted shares weren't even used. If all 700mil were sold at .0003, that would be $210k which is triple the amount owed to satisfy the debt...of course this isn't the case because shares started converting in the .003s down to these levels, thus my argument for the company not requiring to issue all 700mil
I'm willing to bet that the debt is already satisfied and we bounce from here any day now. The company wouldn't release 9 filings in one day to go current, just to dilute this down to no bid, they would barely be able to make the money back that it took to process those filings...most trips don't even have the funds to go current, yet they released 9 filings in one day. Something huge is coming and soon. FILM
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