Gregg,
From the most recent Prospectus Edgar filing,
"If we sell shares to Dutchess under the Equity Line, it will have a dilutive effect on the holdings of our current stockholders, and may result in downward pressure on the price of our common stock. If we draw down amounts under the Equity Line, we will issue shares to Dutchess at a 5% discount to the lowest daily volume weighted average price, VWAP, of our common stock during the five consecutive trading day period beginning on the trading day immediately following the date of delivery of a put notice by us to Dutchess, subject to certain exceptions. If we draw down amounts under the Equity Line when our share price is decreasing, we will need to issue more shares to raise the same amount than if our stock price was higher. Issuances in the face of a declining share price will have an even greater dilutive effect than if our share price were stable or increasing, and may further decrease our share price".
Furthermore the Amiga games stock play as stated in the most recent prospectus
"As an example of this strategy in action, we recently purchased Amiga Games,Inc., the license-holder to a library of classic video and computer games, in exchange for 500 million restricted shares of our common stock, which increased the total number of our outstanding common shares to approximately 2.8 billion
shares, which represented a dilution of approximately 22% to our existing common stockholders".
There it is, written fact. That coupled with no news from the company, missing ALL deadlines for release of Games, The DJ AM documentary and the Brazil in 3D movies leads me to believe that my opinion is spot on about the share price being flat and not going over .20 today. It will stay dead until the company can report revenue and they sure don't seem to have anything to report at this time.........again, good luck to all. Just my opinion.
