Hi Brandon,
Please check out the following exposé surrounding Dilution. A friend sent it to me yesterday and it’s more than interesting…
Wonder if the Riches are going Off Shore?
Is someone making a nice bundle from all this (watering down of assets) or what?
Regards,
Cayman
Thermo Tech Technologies Inc. (TTRIF) Outstanding Shares:
Friday, October 13, 2000
Outstanding Shares: 1,0 6 4,5 3 3,5 4 5
Restricted Shares: 141,144,277
Float: 923,389,268
Cayman,
WOW! The (Restricted Shares) are up by 45,000,000!
This is clearly some more (Sweetheart Selling) at a discount. Either by (Private Placement) or REG S/D.
Outstanding Shares jumped 50,000,000 more on the total!
Therefore, at a discount to current market, say a price of 3 to 4 cents? This would yield $1,500,000 to $2,000,000.
That total is about half of what is needed to fix up Richmond to full production.
This (Massive Dilution) that has been going on, I would think, should constitute a significant change to the company. Moreover, might also be backed up by News Releases.
On the other hand, this Dilution is NOT a significant change, as they have been doing it for a long time.
I feel another (Pump and Dump) coming on soon.
The AGM in 1998 was about 120 Million and beginning that year we were around 50 million shares. Before the Race Car!
|
