You can clear this up for yourself if you actually do some research.
For instance, those 4MM shares he talks about like they were just sold last week? Well, that deal was done in 2016 when the share price was peanuts.
Check all of those shares he talks about and they check the corresponding share price when the deals were done. You will find all the deals were done at relative prices to the current share price at that time.
This is all know information to anyone who actually reads the filings and there is nothing nefarious about it. Standard cash raises for a start up OTC.
To try and make out that millions of shares are now just being issued at pennies on the dollar is patently false. READ THE FILINGS.
I hope the CEO and his attorney follow through (as he has done with everything else he’s said he would do) and go after these paid people who deliberately post false and misleading information for personal gain.
Take 5 gosh darn minutes and read the filings where those 7 and 8 cent private placements came from. They came when the stock was at $0.12. They aren't being issued now when the share price was at $2, how hard is this to grasp? The stock has increased dramatically in the past 2 months and those people who signed the private placements look like Geniuses at this point. Good for them as they took the risk and most of those Shares are restricted anyway.
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