Replies to post #32045 on Bantek Inc (BANT)

[Euripides90]

Same-as-he-wrote-me-7/25,as-I've-posted:no changes in an-active-week? We'll have to wait for the Quarterly on 8/15 for updates.

"No dilution" he added. Price action sure is taking its time to recover but the selling into market has to end soon, right?

So how do we reconcile with this: getting only the latest piece of the puzzle from IR? What would Hart & CEO Bannon (who's gone silent tired of saying same thing I guess --he DID assure he's not selling HIS shares into the market now nor planning to) say if posed with this scenario? (OH I see someone already asked Hart, who said we'd see an amended 13G if this is done? Does that sound cagey?)

QTRADERQ Thursday, 08/02/18 02:01:14 PM
Re: elkonig post# 31867 0
Post # of 32059

ELKONIG, I normally don't agree with you, but after reviewing P.13 and the applicable senior secured credit facility and convertible notes, it seems the remaining debt you mentioned is held by LAM (who has agreed to buy UP TO $10M in debt from DRUS) and they are driving the price down to convert as low as possible.

By my estimates, over the next year I expect the OS to rise significantly. 3B+ OS? I wouldn't be surprised in the least. $7.9M is a lot of convertible debt. JMO

[elkonig]

So from July 20th to yesterday August 1st DRUS has already issued a further dilution of a minimum of 103 MILLION shares.
Things are just going from bad to worse for DRUS.