Replies to post #7259 on Affluence Corporation (AFFU)

[dinogreeves]

Now it makes sense why it spikes and it gets knocked down, OTCN is a known dilutor, if I were the CEO I would not issue any press release until those conversions are done. Good catch.

[Maxinvestor89]

It doesn't really work like that

The noteholders always have a 4.99% or 9.99% Beneficial Ownership limit

In other words, they usually cannot convert their notes in full (I've no idea what the conversion terms are, because it isn't disclosed in the filling and I've got no reply from the company, thus far)

If CEOs were to wait until these guys are finished before releasing a PR, it would take forever before we see one.

The issue is not when the notes get converted but rather when the shares are deposited at the DTC

Held at DTC = TRUE FLOAT

Increase in DTC = TRUE DILUTION (that DIRECTLY affects the way the stock trades)

I would be EXTREMELY surprised if the Held at DTC doesn't increase significantly on the next Transfer Agent update.

Whoever has been selling through OTCN these past weeks has been a total jerk... I've hardly ever seen such agressive selling

OTCN selling can come from noteholders selling from dilution, could be from shorting or in theory (but given how agressive it is, I doubt) could be a retail seller using Interactive Broker (I've been told by some IBKR customers that they happen to route their orders through OTCN and OTCX, sometimes)