Replies to post #43349 on Resonate Blends Inc (KOAN)

[BISHOP ABC]

It shure looks like it and if they are I PRAY there is a reason why they would If they have pros coaching them now then how are they going to uplist if they keep hurting the share price

[RMD1]

The "dilution" that you speak of is tied to the $300,000 purchase they just made. In the announcement, they had the price. Do you think they have $300,000 just sitting around in a wheelbarrow? Of course not. So they have enough A/S to issue shares to make the purchase. This is pretty common when the purchase will increase revenues. The big stupid on their part is not waiting until a Q comes out to pump the stock so they don't have to sell as many shares to get their $300,000.