Replies to post #24137 on Strattner Financial Group (SCNG)

[Snowgoose01]

Jared,

That's exactly why I asked. I am hopeful that the PPS will be @ .25 like they plan. I just don't see how it will work if it goes to a penny to a dime I think the sell off would be similar to what we see @ .0001 JMO

I hope I am wrong

SG

[appetite4destrctn]

jerad, I agree with you, with such a high float we may never get above .0002 since the o/s could be much higher then 20 billion

In the Q1 report the company posted 1.5 billion o/s, and between April 1 and June 30 another 19.5 billion shares were issued. According to the data listed on pinksheets, only 16.7 billion shares were traded in that time period. I would think it would be a safe assumption that not all of the shares traded in those 3 months were dilution, and even if half were that leaves around 10 billion that were issued to someone. So who were the shares issued to? Most likely the shares were issued to pay off debt....and if you look at their debt we could easily end up with 100 billion o/s.