Posted On: 10/03/2016 5:10:56 PM
Post# of 96869
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Annual report shows because expenses exceeded revenues had to issue tens of millions of shares frequently to Royal Capital to provide cash for daily operations. I didn't add up the amount but it looked to be at least half billion shares. So the dilutions were attributed apparently to revenue short falls probably due to ultraflix not being on platforms as planned due to encoding problems with each platform resulting in ultraflix not available to generate anticipated revenues. Their predict was for $70 million. I think now with everything in place and increase marketing and awareness Ultraflix will begin increasing sustained growth. I think foreign markets will be huge with the the Iron Dragon series and Bollyworld productions.
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