According to the filings, based on the three private placements, it looks like the o/s went up from 67 million to 91 million. They've also issued warrants which will raise the o/s further if they are converted to shares.
I'm not liking the way they are issuing shares to keep afloat. They should focus on reducing overhead. It looks like they've got some very expensive offices in NY and I don't know how much these guys are paying themselves in terms of salary.
They should be focused on blockchain games, but instead released bitpaint where I guess you can store a picture of the Mona Lisa on the blockchain? Who really needs to do that? How does that add value?
Glad I got out before the tumble down to the 20 cent range. Looks like it may go lower if they keep issuing shares and not any decent gaming products.
Just my thoughts. I may get back in if and when it reaches the 10 cent range.
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