VERT and BMIC both sold today. Both very well known diluters. Given VERT backed up after one huge print and then BMIC showed up and backed up after whacking bunch of bids and another big print I'll disagree.
Even on FB when a poster said OS will be over 300M by the time debt gets retired @.004 the CEO didn't even dispute that. But lets be realistic here there is no way 200,000,000+ shares will get dumped and price will hold .004. Per your suggestion just 3M sold today crashed price 20%. You got to do this another 70 trading days to finish. No way price holds above .008 for next 3 months for them to convert at .004 with 50% discount. Conversion for most shares will be much lower than .004.
Also the guys running the co are total crooks. "Swear! I am not selling. My family and friends aren't selling either! Swear on my kids, cancer, blah blah" Sure he is not selling himself but he got the cash for shares company is issuing. Why mislead like that?
Also talking about locking up note holder shares and paying them back. Give me a break. They have no cash to pay them back and note holder was selling shares as high as .04 making 1,000% gain. There is no incentive for note holder to stop selling. They in this to make money.
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