From last 10-Q:
Amendment to the Articles of Incorporation to Effectuate a Reverse Stock Split
Effective March 7, 2014, the Board of Directors and the majority voting stockholders adopted and approved a resolution to amend its Articles of Incorporation to effectuate a forward split such that 10 shares of Common Stock were issued for every 1 share of Common Stock issued and outstanding immediately prior to the Amendment (the “Split”).
All shares and per share amounts in the financial statements have been adjusted to give retroactive effect to the Stock Split.
Issuance of Common Stock
During the interim period ended March 31, 2014, the Company sold an aggregate of 3,525,680 shares of Common Stock for the aggregate offering price of $2,644,250.
That's $.75 per share. Either they are lying, or this shouldnt be trading under $1.00 for long.
Let's see
