4500 shares traded, over 1 hour into trading day, then took 1.5 hours to finally have a reasonable size trade and hit 64K shares. Trading at or below the 50 DMA now.
That's 4500 X .0265 = $119 bucks. That's anemic volume, IMO.
64K X .0265 = $1,700 bucks, about 1.5 hours into day.
Wonder what happened to that "big financing" deal? The site where superwhatever made all the predictions about 30 days after the 14C and this means imminent "big financing" and "chime" and Northstar and insiders would be "forced" to "give up" their preferred shares- which has not happened and all this was going to happen and be certain by such and such date, all of which have passed now, as we head into Sept? That 14C was on 4/28 and now it's going to be September? All the insiders and ole Northstar are still holding all the preferred shares and holding the exact same number they were since they were issued to them? What happened I wonder? Where's that "big financing" hiding? Or is the increase to 2 BILLION authorized shares just like all the past 14C's - for continued dilution (they hit 600 MILLION shares latest 10-Q filing), "employee benefits" and "other" corporate purposes as the BOD deems necessary from "time to time"?
From the 14C, filed 4-28-14, PAGE 51:
"Material Terms, Potential Risks and Principal Effects Of The Increase of Authorized Common Share
Our Board of Directors and the consenting majority stockholders have adopted and approved resolutions and an amendment to the Articles of Incorporation to effect an increase of the number of common shares of the Company that the Company may issue from nine hundred and fifty million (950,000,000) shares of common stock and twenty million (20,000,000) shares of preferred stock, both $.001 par value respectively, to two billion (2,000,000,000) shares of shares of common stock and twenty million (20,000,000) shares of preferred stock, both $.001 par value respectively. The Board of Directors and the consenting majority stockholder believes that the Increase in Authorized common shares is in the best interest of the Company and its stockholders because the increase in the number of authorized but unissued shares of Common Stock would enable the Company, without further stockholder approval, to issue shares from time to time as may be required for proper business purposes, such as providing for reserves that are often required when and if necessary to raise additional capital for ongoing operations, business and asset acquisitions, present and future employee benefit programs and other corporate purposes as we make every effort to become cash flow positive.
The increase in the authorized number of shares of Common Stock could have a number of effects on the Company's stockholders depending upon the exact nature and circumstances of any actual issuances of authorized but unissued shares. The increase could have an anti-takeover effect, in that additional shares could be issued (within the limits imposed by applicable law) in one or more transactions that could make a change in control or takeover of the Company more difficult. For example, additional shares could be issued by the Company so as to dilute the stock ownership or voting rights of persons seeking to obtain control of the Company, even if the persons seeking to obtain control of the Company offer an above-market premium that is favored by a majority of the independent shareholders. Similarly, the issuance of additional shares to certain persons allied with the Company's management could have the effect of making it more difficult to remove the Company's current management by diluting the stock ownership or voting rights of persons seeking to cause such removal. The Board is not aware of any attempt, or contemplated attempt, to acquire control of the Company, and this action is not being presented with the intent that it be utilized as a type of anti-takeover device."
"present and future employee benefit plans"- gotta cover those recent big salary increases for two people AND bonuses AND all those option grants with something, somehow, I guess, IMO? Makes sense to me.
Last 10-K filing, end of 2013, PAGE 71:
See the "compensation table" there (page 71) and then the additional recent base salary and bonuses in most recent 10-Q filing. Tomas is now at well over $1 MILLION annual, total compensation package, for running a near cash broke (about $90K cash left end of Q-2 per most recent 10-Q filing), 2.6 cent stock. When he took over the stock was about .50 cents or more per share. It's now at about 2.6 cents and has been massively diluted in that time period. I mean, a bonus and huge salary increase makes sense to me. A decline from .50 cents or greater price per share, to 2.6 cents now with a end of 2013 low of 6/10ths of one cent and at least 10X the number of shares outstanding now- shoot, that's performance based of course, IMO.
From past 10-K filing:
(The number of shares outstanding of the registrant’s Common Stock, $0.001 Par Value, as of May 10, 2011 was 42,600,569. )
Today, over 600 MILLION shares outstanding and climbing. And NO, there's been NO "big financing deal" in that time period (2010 to today) that I'm aware of? Dilution? Yes. "big financing" other than highly dilutive and using ASHER type deals and similar? No, IMO that I know of?
