Speaking of "professionals," I am mystified by the information on OTCMarkets regarding Waffer's share structure.
Per the Q2 filing, Waffer had 9 billion authorized shares. That hasn't changed much, if at all.
Outstanding common shares numbered 6,159,892,091 at the end of June. Divided by 150, without increase or decrease otherwise, the post reverse split outstanding should equal 41,065,947. But OTCMarkets states the the O/S is 5,058,347,260 as of Sept 22, 2014. So the O/S is neither what it was nor what is "should" be.
OTCMarkets indicates the R/S occurred 8.28.14; however, as of 9.22.14, Waffer had 5,058,347,260 O/S and a float of 42,510,762, which is eerily close to the full reduction post R/S of the O/S.
The float at the end of June was 892,593,299, which would equal 5,950,621, but as stated above, OTCMarkets says the float is 42,510,762 as of Sept 22, 2014.
I guess I can see why Teresa might be confused. But I have my own theory which is that some or all of the shares converted to preferred pre-split reverted to common post split. Tasty deal, if you can work it.
BTW, how is that, in the Q2, Waffer had Authorized Preferred of 35,675,010, but Preferred Series B of 40,372,202? And only 1 beneficial shareholder - at least, until you check the list of beneficial shareholders.
Accountant who can't count maybe?
