"This is the only reason for the new 2 billion A/S"? No proof of that whatsoever, IMO. None.
Read the past form 14. Also said "no plans" as of the time of the filing. Yet, they blew past that share count and kept right on going.
Form 14, 8-16-2011, PAGE 1:
"
The amendment of the Articles of Incorporation of the Company to increase the number of authorized shares of the Company’s common stock, par value $0.001 per share, from 75,000,000 shares to 195,000,000 shares."
Same Form 14, 8-16-2011, PAGE 4
"There is no current plan, commitment, arrangement, understanding or agreement, written or oral, regarding the issuance of common stock subsequent to the increase of the authorized shares"
EVERY LAST ONE OF THOSE 195 MILLION shares was used up and issued, fairly rapidly, and yet, just as is stated in this latest form 14 filing, there was no "current plan" to use them at the time of the form 14 filing.
Sound familiar?
The latest form 14, like the ones in the past, says the BOD (Board of Directors) can issue those shares at any time and for pretty much any reason they, and they alone, see fit, as long as it's for "corporate purposes" as they determine.
Latest form 14 filing, PAGE 51:(the increase to 2 BiLLION)
"Our Board of Directors and the consenting majority stockholders have adopted and approved resolutions and an amendment to the Articles of Incorporation to effect an increase of the number of common shares of the Company that the Company may issue from nine hundred and fifty million (950,000,000) shares of common stock and twenty million (20,000,000) shares of preferred stock, both $.001 par value respectively, to two billion (2,000,000,000) shares of shares of common stock and twenty million (20,000,000) shares of preferred stock, both $.001 par value respectively. The Board of Directors and the consenting majority stockholder believes that the Increase in Authorized common shares is in the best interest of the Company and its stockholders because the increase in the number of authorized but unissued shares of Common Stock would enable the Company, without further stockholder approval, to issue shares from time to time as may be required for proper business purposes, such as providing for reserves that are often required when and if necessary to raise additional capital for ongoing operations, business and asset acquisitions, present and future employee benefit programs and other corporate purposes as we make every effort to become cash flow positive."
That's black and white, plain English. It can't be any clearer IMO. ("to issue shares from time to time")
