Float has been unchanged for 4 months. There is no dilution going on here whatsoever.
I think investors should ask themselves, why would $LFAP naysayers try to use the S-1 as a “negative” filing for our company. I’m hearing the term “dilution” being thrown around a lot but i dont think the term is understood. Lets break it down:
What is Dilution?
Dilution occurs when a company issues new stock which results in a decrease of an existing stockholder's ownership percentage of that company. Dilution can also occur when holders of stock options, such as company employees, or holders of other optionable securities exercise their options.
Now that we have the term defined, lets apply it here. Our OS is 292 mil before the S-1 is approved by the SEC. Once approved, the OS will briefly shrink down to 162 mil because of Pride Partners taking ownership of Maxim shares (129 mil) and converting those into Series C Preferred. Pride will then convert 53 mil of the 129 mil Series C into commons but it is subject to the lock out agreement. The remaining 76 mil shares aren’t convertible into commons until sept 2020. Company President Brian Neal has 17 mil coming off restriction but it is subject to the leak out agreement which states he cannot exceed 5% of the trading volume for our common stock during any day in which sales of exempted shares are sold. The remaining 23 mil shares are all warrants with fixed conversion prices at .10+.
We are in a great position here. Once the announcement of Founding Partners, Sponsorship program, etc etc. are announced, this will start moving toward $1+ again.
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