Replies to post #47528 on Players Network Inc. (fka PNTV)

[Nelly 15]

Expect another 100 million shares of dilution by this time next year.

May 9, 2018
 
PLAYERS NETWORK
 
93,522,930 Shares of Common Stock
 

 

 
This prospectus relates to the resale of up to 93,522,930 shares of common stock of Players Network, a Nevada corporation, of which up to 75,400,000 shares may be resold by Kodiak Capital Group, LLC, or Kodiak, including 37,500,000 shares of common stock which are issuable pursuant to an equity financing facility established by the terms of the Purchase Agreement described in this prospectus. In addition, we are registering 400,000 shares of common stock issued to Kodiak in consideration of entering into the Purchase Agreement with us, 37,500,000 shares of common stock that Kodiak may acquire upon exercise of a warrant we issued to Kodiak under the Purchase Agreement, and 18,122,930 shares of common stock that may be acquired by other stockholders of ours upon exercise of warrants and conversion of notes. We may draw on the equity financing facility from time to time, as and when we determine appropriate in accordance with the terms and conditions of the Purchase Agreement, by delivering “put notices” to Kodiak.
 

[Nelly 15]

Let's not forget they couldn't even pay RAI and the courts had to force an agreement to give RAI shares to cover the deadbeats missed payments..

"Pursuant to the terms of the Settlement Agreement approved by the Order, the Company agreed to issue to RAI shares (the “Settlement Shares”) of the Company’s common stock (“Common Stock”), including an initial issuance of 13,298,837 Settlement Shares (the “Initial Issuance”). The Settlement Agreement provides that the final number of Settlement Shares (the “Final Amount”) will be sum of (a) one-seventh of the Claim Amount (b) divided by 80% of the arithmetic average of the individual volume weighted average prices of any five trading days selected by RAI during the ten trading days preceding each of the seven “Calculation Dates”. The Calculation Dates are the date of the Initial Issuance, and six subsequent dates that are each separated by intervals of three weeks. Following the last Calculation Date, if the sum of the Initial Issuance and any additional issuances to RAI under the Settlement Agreement is less than the Final Amount, the Company will issue additional shares of Common Stock to RAI, up to the Final Amount, and (b) if the sum of the Initial Issuance and any additional issuances exceeds the Final Amount, RAI will return such excess number of shares of Common Stock to the Company for cancellation."