Friday, November 16, 2012 4:56:44 PM
Only one, KR, benefits from this low volume when he is out searching for investors. He needs to establish a higher market price, we have moved from $.09 cents a share to $.22 with no news and no filings and no rumors. But remember before the RS this $.22 price represents a $.00073 price. With the proxy vote to increase the authorized to 200 million, that would represent a before RS authorized level at 60 billion shares.
With the history here of reverse splits, you can bet folks have been doing the math of how many shares common stock holders have lost investing in KR’s private offerings and open market purchases.
With the authorized still filed with Nevada still at 3.33 million, even with the reported vote, the company needs to file the change with the state which they still haven’t done.
Also remember the series “A” preferred shares KR gave himself. I don’t think KR has the personal funds to pay out in damages, maybe folks are looking at the other parties to the transactions and benefits received for looking the other way.
It is like waiting for more fuel to be added to the fire.
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