You are correct but with recent volume in past couple months many are looking for short term gratification. Most of these penny stock players are playing OTC pump and dumps and dilution to them is lost money. One thing to focus on here is yes dilution but it is going to good means and being invested and we can see the investments building. Also there where other choices meaning if the company didn't dilute a debt holder would have diluted and they debt holder would be given shares at a lower cost and they would drive it down more. The fact they have gotten as average of .74 cents per share diluted is pretty good. Now when the 10K comes next month we will see more shares added to the OS and suspect the .74 average is lower but we are nearing the end of dilution. I suspect they have diluted about $170 million to $180 million thus far which means only $40 more million to go. It will be nice when the holdings companies underneath nile spin off into reverse mergers and NILE is only bitcoin mining with 0 debt and revenues near $140-$200 million a year is huge. NILE should be paying some dividends next year and then we get shares in the reverse mergers taking place of Turn on green, Gresham and Ault. So we will own 4 companies at least in total in near future once they find shells to merge the other two companies into. So plus is NILE won't have to take on more debt as our machines are already purchased and it is just pure cash from here. It is the other underlying companies that will raise capital after they after reverse mergered. So it is very positive news from here. We will own at least 4 companies by time this is all done and NILE that we own now will be debt free and cash flow positive!! NILE
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