It is possible but not probable, it's nothing compared to other otc plays. I have seen otc plays dump billions of shares every year and still trading above 1c without any profits. The main thing I am looking at is AS, that's still at 400m. According to their accountant, the notes were being converted to shares. There was 307m shares after the merger. 55m shares were added at the merger. Now there is 343m approx. So another 35m were added to convert that $280k into shares. I don't even know why these chinese @.2m gross profits every quarter. Net net 500k-700k. There was some negative currency conversion this time, but that's not always the case. The cash is growing every quarter, the assets will go up that debt conversion and now more revenue should be generated with that government contract. I agree most otc plays are run by scum. Meihua xu and Jeff peng are both scum. I believe the new merged company is a serious business generating clear free cash flow and its only going to generate more and more revenue with the new AI machinery they are working on.
Dillution doesn't happen with a company like this sitting on cash. I thought maybe the cries of dillution were over. Time after time, we see NO dillution
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