May. 13 at 5:35 AM
$FITY Filings posted after hours today in case anyone interested.
I Was able to dig through to get a sense of why we are having Dilution happen even company promised no further dilution.
Jermaine Strong’s holding :
2,735,933m preferred.
And the retirement news:
1,748,933m retired…
The “933” last 3 digits matching definitely means it’s Strong’s shares being retired and he is the only one who’s been converting anyways since 2024 filings.
So if we account for the Feb 11 conversion and also the 110m just converted.
He should have about 730k preferred B left conversion is 350 commons to 1 preferred B according to filings..so we have another 145m common left to power through after this latest one is done.
Not all the shares were completely retired
So it’s either we get news to help us chop through the conversion of shares left or we suffer through ( and continue to accumulate” …maybe Strong doesn’t deserve to sell higher anyways😀!
Let him sell down here and get out from the company
