SGLS tells their shareholders that all their deals are of a value of $150k. IMJX doesn't have that kind of cash and never has and at the time the stock was trading at .0001.
SGLS tells IMJX shareholders a double from .0001 would be a great thing which tells me they're cool with getting shares from IMJX at that price.
$150,000 at .0001 a share = 1.5 billion shares, but have to figure some of the deal was for cash, so it's safe to assume SGLS got somewhere between 750 million to 1.5 billion and possibly a few million were restricted maybe 500 million at most.
After the deal, the O/S for IMJX went up an exact number, so those shares given to SGLS were accounted for in the float, but they were being held by one entity waiting to unload them. In other words, it's not technically dilution by SGLS since the O/S reflects their shares, but it is new shares to market and additional selling pressure on the stock.
Combine that with the company's own dilution of 1.5 billion or so and here we are.
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