Replies to post #3634 on Biostax Corp (BTAX)

[tjguy]

Not much volume today at all. Only 300K so really not much dumping going on, but zero buying.

[noreen]

Nobody knows exactly how much dilution is left. Depends on when that 1st purchase order arrives. Contractually guaranteed by Nov 22. As long as we do indeed get a purchase order by that date, we should see either 1 or 2 more of these crazy PFM orchestrated dips every 20 (about) trading days - IMO. If a PO comes in 2 weeks, I'd speculate one more big dip left. If it's in 6 weeks, I'd speculate 2 big dips left.

Then, their 4.9% equity will convert to at least 17+ million more shares - doesn't mean any of these shares will get sold though, but we'll see. They might hold all of those long term.

Any shares sold off by PFM currently should not affect their final equity - theoretically. That's why they can sell them cheap - and they need to get the price down to a certain number to get their full 4.9% equity. They'd end up with less if they didn't orchestrate it down.