Who says what dilution is supposed to do? I think you meant to say in your opinion correct? Would you rather had the debt holder convert notes at a discounted rate and have wrecked the PPS more? When money raised by the company is being used for asset purchases it is a good thing not a bad thing. As the CEO stated many times they are aiming to have at least 1 billion dollars in assets and a profit ratio of 20% across the board making a company debt free producing $200 million at least. Again the company filed twice and PRed twice it would be diluting $220 million in shares. Did you maybe miss those press releases and filings? I really dont understand? Please explain in further detail. NILE
Just so you are aware what is happening. NILE is currently a holdings company looking to produce a billion dollar in assets rapidly. Eventually NILE the ticker will only be Bitcoin company and lending company that is debt free and cash flow positive. All the other entities under NILE like properties, start ups and existing businesses will be spun off in reverse mergers like Turn on Green is about to. Next to be reversed merged is Gresham then Ault holding will be reverse mergers last. We will all receive shares in the new reverse merger companies and those companies if they need to raise more capitol will acquire it through the new stock tickers that have been reversed merged. So NILE itself will only be released to bitcoin and bitcoin lending. So dilution here is for the purchases of many assets some of which you won't even see till the next 10Q. As far as our purchase of EYP it may or may not happen. Fact is we are a lender to EYP they owe us money so if someone else wins the bid for EYP we get paid off by the new purchaser or we own win the bid and own a fabulous company. So it is a win win there. I suggest reading and understanding filings and the investments we hold. Also maybe watch some videos the damn CEO is on YouTube 5 days a week pretty much.
Also from my understanding in the next 10Q you will see I believe $100 million dollars in cash on the books. As from my understanding they purposely have major cash flow on the books as they are concerned about the future economy and they have money on books to weather any storm coming their way. So in actuality the dilution you are seeing will secure that we have a business during any economic downturn. So if you understand what NILE is doing then you would support the current dilute which is near ending by the way. NILE