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Re: Skeetz99 post# 110707

Saturday, 01/03/2015 6:20:10 PM

Saturday, January 03, 2015 6:20:10 PM

Post# of 130502
I never said there were approximately 1.3 billion shares "issued, converted and outstanding". I said there were approximately 1.3 billion shares "in play".

Take the current number of outstanding shares, add in the 154 M shares allocated for the 2014 Stock Plan, the 140M shares at a minimum for the ESS acquisition, shares needed to cover the outstanding warrants and options and it is in the 1.3 billion range plus add in the continual dilution to raise cash to fund operations in general.

Ending the year with 1.7-1.8 billion shares "in play" seems quite reasonable.

p.s. Don't worry about Gerald running out of cash. He can increase the number of authorized shares any time he wants.