Replies to post #4014 on Tekumo Inc (TKMO)

[trader59]

Being fearful of this dilution pig is wise. This little recent "pop" is just a bunch of trip flippers trying to create an illusion of real interest.

Here's all you need to know about this stock. Look on pages 8 and 9 of this:

https://www.otcmarkets.com/otcapi/company/financial-report/403114/content

That's all the convertible note balances as of the end of March, and with another 400M or so shares added since that report (ie - they're not nearly done). Look at the conversion rates, much of it is 50% "market price," but the real kicker is the 3a10 settlement, that allows each creditor to convert at the lowest trading price for the 30 days prior to conversion. Guess what that price is right now? $0.0003. Guess how many shares each of those creditors can convert at one time? Up to 9.99% of the O/S, or about 100M shares at a time for each named creditor. So, they'll each load up 100M shares, which will cost them $30k of their debt balance, and be ready to dump into any liquidity the pumpers stir up. Then, they'll load up another 9.99%, lather, rinse, repeat.