The dilution could have happened for a whole variety of reasons. It could be that Mark and Rene gave themselves millions of dollars worth of new stock. Since they haven't filed, we have no idea.
Here are the facts:
- Mark said to MANY people on MANY occasions that the share structure would NOT be changed before they uplist. He lied. As President of ARYC, he would have had to approve the dilution.
- Dilution has occurred. Dilution is when the # of outstanding shares increases (and it has).
- ARYC is legally required to file an SEC form within days of changing the share structure and they haven't. They haven't filed fins in years. Now we are finding out that they aren't filing other SEC forms as well. It could be that they are doing a lot of other things that legally require disclosure and they aren't.
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