Not true. Convertible debentures was the source of the debt And dilution. The future private placements are likely to be Offered only via promissory notes for 1-3 year hold periods. No shares will be issued for 1-3 years, thus the ppm is more Shareholder friendly. The mistakes of using scumbag 504 Finance companies who just get paid and convert immediately Are a thing of the past. No more need to allow some of these scumbags the ability to hold restricted shares and short against the restricted box illegally.
Promissory notes are a much better way of raising expansion capital for the company moving forward!
And further the float indicates all the private placement have sold and left. Now why would they sell at the "bottom" before the huge run... and these private placements who know the company the best.
Private Placements ARE dilution. That was the source of GDHI dilution.