InvestorsHub Logo
icon url

shotsky

10/31/17 12:04 PM

#100440 RE: al19 #100428

It would be wise to stop saying no dilution. Dilution is when the OS grows due to note conversions.
We know there were more shares issued than the 10% dividend, and that means there was some dilution. We just don't know exactly why yet. So, it remains a mystery for now, but there was about 150,000,000 shares unaccounted for (in excess of the 10% dividend) in the recent block trade (share issuance)
The only thing I do see that comes close is this:
Debt Conversion. An unrelated party private transaction in which $8,980 of principal of a convertible promissory note was converted into 149,666,667 shares of common stock. This common stock was issued bearing a restricted legend, and is not free trading pending the removal of such legend.
This was a convertible note, and it 'was' restricted, meaning not free trading. If it just became unrestricted common stock, that would account for those shares, and that would be dilution. The good news is that there are no more such notes in the filings. If there was interest on that loan, it may have been included in the conversion, thus accounting for a slightly larger amount of shares.
I think we're all good now...just keep ramping up the businesses!