The Annual Report showed 4K revenue was greater than Ultraflix and they indicated in earlier SHL letter they wanted to purchase another conversion machine and expand that operation to take advantage of those opportunities. A lot of emphases being placed on 4K Studios so maybe the dilutions in part was for that purpose in addition to debt reduction. Like I said the last quarter will not show real progress with the dilutions but this quarter where in is going to be very important and they know that and has JF indicated a series of PR's will be released probably going into Nov thru Dec. JF also previously reported that audits are now being conducted for FY 2017 financials and FY 2016 was the last unaudited report. He also said that by end of year they will be distributing NTGL shares so something is going on there too. All in all its going to get real interesting the next few months. Short interest will try another move to drive this lower again so be ready to buy even small amounts.
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