Annnnnd the link showing us where 100's of millions of free shares were issued
Learn how to read financial statements:
Page 9 of 20: All transactions in which goods or services are the consideration received for the issuance of equity instruments are accounted for based on the fair value of the consideration received or the fair value of the equity instrument issued, whichever is more reliably measurable.
These are the Rule 144 shares. They are NOT the shares held by the Sauers. They are NOT the shares issued under the S-1 for financing. They are constantly given out for "goods or services" and are constantly becoming eligible to sell. You are simply wrong to say there is no "dilution" because one convertible note has been redeemed. Rule 144 hares are constantly being sold.
How do you think they went from under 100M shares to over 420M? They weren't all shares issued under their S-1s for financing.
They lose over $350K every quarter. They don't raise that much cash through their S-1 stock issues. The difference is the value of Rule 144 shares issued:
Net (loss) $(360,127)
Financing costs paid in shares 159,178
Proceeds from issuance of common stock, net of costs 185,000
These are three month figures. They are similar EVERY three months. Sauer Energy exists to sell shares and nothing more.
From the 10K:
"In addition, we believe that approximately 87,739,892 shares are currently restricted but are presently eligible or become eligible to become free trading under Rule 144 under the Securities Act of 1933, as amended, in the next six months. In addition, each of our officers, directors or affiliates, who own an aggregate of 62,852,500 shares may sell 1% of the Company’s outstanding shares (approximately 3,512,292 shares) every three months under Rule 144."
The Sauer's shares are IN ADDITION TO the 87.7M which are underreported.
For the full year: (Loss) before taxes (1,593,027)
Shares issued for Cash 125,260,564
Issuance of stock for services or claims 503,288
Financing costs paid in shares 433,254
The numbers are there if you know how to read them. All that matters is they can't issue shares for all of their expenses. Their accounts payable ballooned. They have no cash and no means to raise more. The outcome is inevitable and imminent.