RE:Second wave of cheap shares comingNo matter how loyal they are, the amount of cheap paper out there that is looking for an exit is just staggering.
The facts:
On December 18, 2017: 53,724,000 shares with a VWAP = $0.045 are coming online and ready for sale at a tidy profit. This comes from 26,175,000 shares and 27,549,000 warrants.
On February 17, 2018: 51,579,356 shares with a VWAP = $0.08 are coming online and ready for sale at a tidy profit. This comes from 25,299,998 shares and 26,279,358 warrants.
This is massive dilution of 100,000,000+ shares at an average price of 6 pennies. 6 copper pennies a share....it doesn't take a genius to know where this is going.
My understanding that another private placement is happening as I type that will result in another 33,333,333 shares coming online at a VWAP = $0.08. The exercisable date of this placement will be announced after at closes. They will come online sometime after Feb 2018.