Replies to post #8836 on Petrone Worldwide Inc. (fka PFWIQ)

[Axel]

Kind of acceptable ratio for a convertible. Some more churning we can start going up again. Right now it’s in a tight channel whether PFWI has news or not

[munimi]

Holy cow, Share Dilution Machine indeed

50mil shrs to 340mil in 2 months , wow. That is a crazy dilution percentage in that short period of time , even in OTC standards

On 8/17 they had 50 million in the O/S
2 months later it's 340 million, a 600% increase.
Meanwhile, they had to raise the A/S to 2.5 billion from 910 million, which shows where the dilution is headed.

The have a ton of toxic debt that is actively being converted and dumped.
https://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=12233839

"From July 1, 2017 through August 10, 2017, in connection with the conversion of debt of $25,414 and the payment of fees of $1,500, the Company issued 14,813,361 shares of common stock."

That's $.0018/share. During that period, the stock traded at a low of $.0026 and a high of .008.

[overtheedge]

Also for the six months ended June 30 2017 they had a net income of 3,703,870 compared to a net loss of 508,576 June 30 2016

[Toxic Avenger]

The company has now missed their late filing deadline and is "Pink Limited Info" status. It appears the toxic notes have increased significantly.
Be aware that if you buy shares, you are likely handing a huge profit to the toxic lenders.

The O/S is now 411 million.
On 8/17 they had 50 million in the O/S
2 months later it's 340 million, a 600% increase.
3 months later it's up over 700%

The have a ton of toxic debt that is actively being converted and dumped.
https://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=12233839

"From July 1, 2017 through August 10, 2017, in connection with the conversion of debt of $25,414 and the payment of fees of $1,500, the Company issued 14,813,361 shares of common stock."

That's $.0018/share. During that period, the stock traded at a low of $.0026 and a high of .008.