He did speak what I would deem half truths. Here is how I see it. Mike got over anxious and spouted some things he probably shouldn’t have. His expectations may have been warranted but the company had to know it was gonna take a while to come to fruition. OTC traders generally have the attention span of a goldfish and the PPS reflects that, among many other things but I don’t have time to debate that now.
As for the dilution. Over 900milllion of those shares were restricted. What SHOULD HAPPEN is the company uses money from phone sales to pay off those debts and interest owed and have those restricted shares wiped from the books. I imagine that is the plan. If those shares become free trading after a year then I would deem that dilution, but I think the company has plans for them.