Thursday, March 05, 2015 7:41:57 AM
http://www.hotstocked.com/article/89367/pazoo-inc-otcmkts-pzoo-slips-again.html
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Speaking of dilution, the S-1 form revealed another interesting fact. According to it, the number of issued and outstanding shares on January 31 stood at 219,731,242. The latest 10-Q, on the other hand, said that on November 14, it was sitting at a little over 155 million.
In other words, in a matter of just two and a half months, PZOO printed a total of 64.7 million shares of common stock. That is a lot of dilution, but if you've been reading our articles closely, you probably won't be that shocked by this. We mentioned numerous times on these pages that PZOO has issued quite a lot of toxic notes and there's a good chance that at least a portion of the new shares saw the light of day as a conversion of debt.
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