I agree that it may not be dillution but it doesn't matter. He went public to try and get some money back into the pockets of the original investors. I f anyone is going to make money it is them. He used a public vehicle but despises the common shareholder. That will come back to haunt him even if he does start to generate cash flow Look at what ltrx did to their shareholders as they tried to gain a foothold in the public markets. The public never forgets contempt and this guy will rue the day he mocked the penny investor. You do not go from pennies to multi dollars with out passsing through .01 then .10 then .50 and 2.00 and he will be ignored.
There are hundreds of stocks that make money and people ignore. This will be another. No I don't think it is a scam but I do think the CEO is stupid.
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