Yes, I saw your mention of the 20 million shares out, but I am just not sure where you are getting it from. I did ask about it in an earlier post, but I think you missed my question in there. The best I could calculate was 10 million based on the Nov 2016 filing of the DEF 14C. What is your source, if you don't mind me asking? I do not see any mention of shares outstanding in either of the more recent SEC filings in March and April 2017 and otcmarkets.com has very old data indicating 245 million as of April 14, 2009.
I understand what you are saying about the bills and the debt holders. Can't help you there. As you say, who is paying them? But, I did not suggest that there was recent dilution. On the contrary, I wrote that the low volume the past few months doesn't support it. Actually now that I think about it some more I should say it doesn't support any substantive distribution of dilutive shares, so maybe there is in fact dilution going on to pay the bills and the new shareholders are just not selling yet. After all they need liquidity to liquidate, and we do not have much liquidity here. I'm just saying I have some concern when I see the potential for 670 million convertible shares to hit the market. If I'm not reading the info in the DEF 14C correctly, let me know (see page 5, and apply the 1:100 ratio to the Shares Issuable column).
