(Total Views: 970)
Posted On: 01/07/2020 6:35:16 PM
Post# of 15624
Re: LeaveMeAlone #15424
You are right, this morning and yesterday all they were talking about is dilution.
In response to FallColors comment:
I-Glow didn't like my comment and wrote:
To that I replied:
Many of us agree with your last sentence about lack of communication and loss of trust. I would love to see that change but I really doubt that it will.
GLTA
In response to FallColors comment:
Quote:this is what I wrote:
19 million volume in 1 hour = ALL OUT DILUTION !!!
Quote:
It is NOT about dilution! The current number of outstanding shares is 271.9 Million. The total # of authorized shares is 500 Million. A lot of shares have traded hands, call it manipulation, call it what you will, but it's not dilution.
If we were to believe what you and some others are saying, we would already be close to the 500 Mil AS limit. Also, you might want to inform yourself on the various types of dilution and the different impact they may have on shareholders, control, etc. etc.
https://en.wikipedia.org/wiki/Stock_dilution
I-Glow didn't like my comment and wrote:
Quote:
Your analysis isn't accurate - the DGF default event created dilution and the default event was setup for DGF by Bignitz and Hirsch.
Anytime you have floorless conversions it causes dilution.
IG
To that I replied:
Quote:
Yes, but only provided there were conversions that took place, and only provided there are common shares to be issued. As we've stated before, DGF recognized the limitations it was up against. Also let's not exaggerate when it comes to the triggering default event. The conversion formula changed, yes it did, but it only reduced the 85% to 75% in the formula. The general consensus is that as the share price increases, the conversion formula is not nearly as punitive.
Many of us agree with your last sentence about lack of communication and loss of trust. I would love to see that change but I really doubt that it will.
GLTA
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