So, for those who were contacted privately before the RS and offered a chance to sell their shares before the RS — one person said they were at .0019 when he was approached — every 10,000,000 shares they held at .0019 were worth .95, but would have fallen to
less than $80 now, down from $19,000.

Those who held based on public statements that there would be no RS, and that the company would be “in the black by August”, have lost that $19,000 for each 20,000 shares post RS.