Replies to post #833 on Royal Energy Resources, Inc. (ROYE)

[Dina]

On April 5, 2012, the Company’s Board of Directors approved making the notes convertible into up to 40 million shares of the Company’s common stock. In order to issue the required shares, either the controlling shareholders of the Company will increase the authorized shares of the Company or the Company’s CEO will cancel shares previously issued to him.

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8545276

Dont tell me he will cancel shares. ;)
He will increase the A/S and i see dilution. Not enough interest in ROYE. He cant sell enough shares, that´s why he will release some news, like last year!
What happened after all these great news last year? Its a POS without any business, without employees, no doubt about that!
But wish you luck!