sat - the large (abnormally) large AS numbers only means one thing; constant and never-ending dilution followed by a RS and the cycle continues. However, one can simply verify each quarter if the company is truely diluting. Sometimes they want the flexibility to have this large number to close deals. Whatever happens to DVFI and WRNW will be of importance to the owners who buy after the first reverse split is done. If the RS is supported by a good JV deal. Usually is these cases the existing common shares (those bought prior to the first split will be diluted to less than 1%. New owners will own 90% or more of the newly formed share structure. The company sets up pre-split shares and post=split shares and effetively walk away screwing existing common. They have no respect for shareholders and blame all the problems on iHUB posts.
People say all is lost. Maybe so. On greys they could still dump 300K to 2M per day if they wanted too. Just watch the volume. If you see large volume with no price increase I would suggest either to sell for 95% loss or just write the entire investment off as a loss.
Lancaster stole his deal for absolutely nothing. He was too busy running Topco Entertainment. Now we have business scoundrels at the helm. I told everyone this would come and it didn't take long at all.
Just like WRNW this is how the new share structure unfolds. 300M shares or so are owned by losers like us. Rees and Lancaster and WRNW own the rest.
300M existing common OS
500M existing common OS (Lancaster, Rees, WRNW)
200M existing common OS held for dividend payouts
4B shares issued to financer. Presently these shares have zero worth due to the stock price. Especially on greys.
.0000-1 - .00002 is the best price he we see for 4B that comes to 800K if they wold all 4B on the open market. They will not, why? because the shares will be worth much more after a reverse split.
Reverse split 100-1
3M existing common OS (this is us)
5M existing common OS (Lancaster, Rees, WRNW)
2M existing common for dividends
40M shares financing gift.
------------------------- that makes up our original 5B
Now the company issues 3B new shares to the financer with an excersise price of .005 After the split the PPS should be .02 (after 100-1 at .00002)
The financers will own 3,040,000,000 shares. Net worth 61M dollars. Cost 15M.
As you can see the scale may be smaller, ie. reverse split 50-1 20-1 etc and they may not issue so many shares after the split. I figure an equity offering 1-5M as they stated WRNW back in May. They want to get their cost back, so when they sell 15M worth of stock at .02 it will drive us closer to their purchase price. Something they want to stay away from while diluting the second round (post reverse split).
Either way, if you own 50M shares now and they are worth 50K now at .001 after the diluting and reverse split your 50K presently we be worth 500. Sell everything you have now, IMO. I ivested 400K. I can get out 6K now. I'm taking it out and moving on.
Anyone wishing to join a class action lawsuit filed against former DVFI management, email me at rz8jac@yahoo.com
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