Replies to post #1289 on Sylios Corp. (fka UNGS)

[Black40]

I agree. I think the dilution has stopped, no need for it in the future when the deal goes through. As of their last 10q, UNGS had around $2m in liabilities that will be assumed by the company buying the wells in West V. In addition, UNGS will be getting $600k upfront and $1.4m over 5 years. This deal will enable them to concentrate on oil wells in Kentucky which in turn will hopefully bring profitability in the next six months. This is all dependent on the terms set in the 10q haven't changed. If not, the price for sure can go over $.10 and beyond