Replies to post #60911 on Resonate Blends Inc (KOAN)

[CowboySurfer]

Unfortunately millions of shares were added to! Koan needs to start selling product before they dilute us any further. I’m guessing rollout isn’t til end of month and they have zero preorders, hence the private placement.

Market Cap Market Cap
8,845,792
03/01/2021
Authorized Shares
200,000,000
02/26/2021
Outstanding Shares
32,521,293
02/26/2021
Restricted
21,432,702
02/26/2021
Unrestricted
11,088,591
02/26/2021
Held at DTC
10,241,389
02/26/2021
Float
7,930,886
05/18/2020

[RMD1]

That's dilution. The problem is they are issuing shares. The shares outstanding are now 32 million. They have added 6 million shares to the OS as of late. For example, they get bonus shares when the market cap hits $100,000,000. A few months ago that would have made it a $5 stock. Now it only needs to be $3.07. That why I say the need to get their a$$ in gear and start using REVENUES for what they need rather than issuing shares. Convertibles are not the only method of dilution. THAT IS WHY YOU HAVE TO FLIP THIS STOCK, JUST TO KEEP UP WITH THE DILUTION.