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Re: buckyeye1978 post# 22640

Thursday, 10/16/2014 3:58:57 PM

Thursday, October 16, 2014 3:58:57 PM

Post# of 48592
Hope the stop sign is removed soon, RaMO.

That explains why the Float was increased and the OS, which is a solid reason..to cover a past debt.

Also, this only accounts for the initial increase in the OS, but not the 2nd.

first increase in OS: pay off debt (says so in Q)
2nd increase in OS: **Speculation**, merger/acquistion/funding...who knows.

With debt paid off...company has good potential and looks like a good candidate for any of the above merger/acquistion/funding.

Also, they weren't sold into the market yet. 150 M shares at .01 is 1.5 Million dollars. This turd couldn't even support 100,000 shares sell atm.

Did not sell 150 M shares in april..increase wasn't until May/june. Mini- pops haven't had enough volume. Daily trading of less than 300,000 shares a day, (being generous), X days since may 24..not even close.

They did not sell them yet...which means that even though stock is trading lower...owners of those shares are holding. Do what the Big Guys Do.

Overall very good info!

also in regards to the restricted shares they issued, explains float increase.

The shares set forth in the above table with a date of June 5, 2014 were issued in private
placements and were not registered or qualified in any jurisdiction. The shares were issued in
conversion or exchange for outstanding debt securities in excess of two years old
. While the
shares are restricted in the hands of the converting note holders until sold into the public market,
the certificates were issued without restriction or restrictive legend in reliance on the exemption
from registration pursuant to Section 4(a)(1) of the Securities Act of 1933, in that the converting or
exchanging note holders are not the issuer, an underwriter (based on holding period of the
converted or exchanged debt security) or a dealer.



http://www.sec.gov/answers/restric.htm