On June 30, 2015 there was a total of 129,460,000 issued and outstanding giving them 79% ownership of the company, not the 90% Janice indicated. This left a measley 27,460,000 shares available to trade which is a ridiculously small number when you look at the volume over the last week. That means that either the principal owner was dumping shares this past week or CRGP was.
On August 13th CRGP stated that 242,823,237 shares were currently issued & outstanding which means the company has sold an additional 113,363,237 shares since June 30th while simultaneously buying back shares (buy low/sell high). That means the principal owner now only owns 42% of the company if he still holds his 102+ million shares.
This was all before any divi money was available to shareholders to buy more shares. So, at this point I expect the issued and outstanding is closer to 500,000,000 if not more and the company has received a significant cash infusion from the shareholders.
Does this mean we have all been had? Not really. The company did exactly what it said it would do. It did not lie. It did not deceive. If anything we shareholders did not fully analyze what was going or we would have recognized all this much sooner. However, that does not mean the company is a sham or scam...as of yet. Time will tell.
The company's financials still support a much higher PPS so there is still a lot of room for an increasing PPS over the next week. Capisce?
