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Tuesday, April 29, 2014 3:41:26 AM
Shares outstanding in 2010 (go back and pull up the 10-K for that years), off the top of my head they were about 20 million shares outstanding, I believe, close enough. As of that form 14 "proxy" they just filed, they're gonna up the available shares to a staggering 2 billion shares, on a sub 3 cent stock. And in that document they said the share count is now about 460 million. It was 420 million as of the filing of the last 10-K, ended Dec. 31, 2013. So, they've added another 40 million or more dilution in just that time.
First number I'll read on this coming Q-1, 10-Q release is the outstanding share count- it's page one, bottom of the page usually.
Last yr alone, they pretty much doubled the shares- from about 190 million end of 2012 (when they blew through their allotted charter, and had to amend the corporate documents- and bumped it to about 950 million available), to then over 400 million by end of 2013- a doubling of shares in a one yr period; massive dilution, and what is there to show for it? I mean, what really IMO? Anything really? They got some nice pay increases for the 2 "key" employees, of the grand total of "3" employees apparently left. Wow, IMO. The interest of the common shareholders sure doesn't seem to be high on their priority list IMHO. That's for sure IMO given all that's happening/happened.
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