Replies to post #7784 on Affluence Corporation (AFFU)

[oldstocks]

We are all hoping the dilution has already been baked into the apple pie, i mean AFFU

[powerbattles]

I’m being straightforward here, no need to sugarcoat anything. As I’ve clearly stated, the increase in the outstanding shares is dilution. I’ve even bolded and highlighted it in red to make it clear that it’s dilution, there’s no need to slice, bake, or hide anything here. However, identifying the exact source of this dilution is very complex. Frankly, it’s easy for anyone to call out dilution, any basher can do that. It’s like shouting "fire," but having no clue where the actual fire is. Knowing exactly where the dilution is coming from is take knowledges, skills and the real challenge.

The company’s filings are confusing, with multiple notes and restricted shares issued over time. Let's me make it clear: Normally, a Schedule 13G filing doesn’t lead to immediate dilution. I’ve pointed this out before, so I won’t go over it again.

The Schedule 13G filing indicates that Stephen M. Hicks doesn’t directly own any shares of the Issuer’s common stock, so labeling him as a dilutor is misleading, and I stand by that assessment.

In reviewing the recent increase in O/S and cross-checking the share count in the old filings, I also revisited the Schedule 13G and noticed the key term "PRINCIPAL" amount, which refers to the original loan amount convertible into common stock. This prompted me to investigate the original loan amount further, as explained in the posts below.

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=175361833
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=175361878

Since March 31, 2024 the outstanding shares have increased by 185,065,655 representing a significant amount of dilution in the market. The company needs to clarify where these diluted shares are coming from. Based on my previous calculations, most of the new issuances from 2022 to June 2023 have already been converted, except for the convertible note issued to Trillium on 9/8/2022.