Thursday, September 03, 2015 3:34:01 PM
That is provably false. All of the stock issued since the last AS increase has been free-trading, meaning they were for debts more than 1 year old. Convertible notes. The AS had to be increased to accommodate those existing conversions.
This isn't a guess - it's the only way it could have happened.
We'll see in a couple weeks when their next report is uploaded to OTCMarkets. My guess is that another 200-300 million shares were issued directly to David Foley and the rest to insiders/employees.
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