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Wednesday, October 15, 2014 5:33:18 PM
They already surpassed 500 MILLION shares fully outstanding, last 10-Q and that was now 3 months ago (and the fully diluted number- meaning all shares needed to cover yet issued warrants, options, convertible debt, etc) was even a bigger number.
I'd almost guarantee they're in the 575 million shares outstanding or there abouts now, and fully diluted even much bigger than that- not even a doubt in my mind. They just did another deal with Magna that's gonna put at least 33 million more on the table- and they live qtr to qtr paying even common bills like accounts payable in common shares of stock, as they're basically cash broke at any given time.
From last 10-Q, end Q-2, 2014 Period ended June 30th (now 3 months old):
PAGE 1
"As of August 1, 2014, there were 517,272,472 outstanding shares of the Registrant’s common stock, par value $0.001 per share."
Same 10-Q page 9:
" Fully diluted shares outstanding were 588,670,163 and 290,900,920 for the three months ended June 30, 2014 and 2013, respectively and 553,719,873 and 264,534,723 for the six months ended June 30, 2014 and 2013, respectively."
10-Q filing Q-1 2014, PAGE 1:
"As of May 6, 2014, there were 466,396,016 outstanding shares of the Registrant’s common stock, par value $0.001 per share."
So just from May 6 2014 to August 1st 2014 (not quite 3 months), they diluted by 517,272,472 - 466,396,016 = 50,878,456
That's about 50 MILLION shares dilution in a single qtr- and I don't see any indication that pace is slowing down or changing, IMO?
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