Replies to post #22043 on Auscrete Corporation (ASCK)

[piker86]

I'm expecting another 10 fold dilution of the stock after the reverse split period ends and the stock symbol gets rid of the D.
The 53.5 million share stock payment they made to themselves back in May that gave John and Co 94% ownership of the company (there was 3.5 million outstanding shares at the time) has been diluted to the point where it is almost meaningless now. Do you think they are really going to just let that stand? They would let their 94% ownership get diluted to 1% ownership and not issue more stock to themselves to regain majority ownership? They don't need stockholder approval to do it, they didn't need it last time.

I'm expecting about 100 to 200 million share payment to be made to John and Co in late December or early January, diluting the share count to over 100 million. The stock price will be in the 0.000X territory most likely after they do that.