Great Basin Scientific Inc. (fka GBSNQ)

[mylife4america]

200m shares authorized


...is the main number I am looking at

...and considering we shot down the A/S vote...the R/S doesn't hold the same weight...the bottom line is that they cannot issue more shares than available...and we are over 190m as it is

...last time this happened to GBSN the A/S vote went through...not this time...we stopped it...not to mention the fact that the 10m left of authorized shares to dilute us would have experienced a 1-60 reverse split along with shares outstanding (as is typical in this situation...but I will confirm this Monday to ensure no funny business)

...so yes there is some dilution there...but nothing even remotely close in magnitude to what it was before

...now ALL THIS CHANGES the second we authorize as shareholders another A/S increase...which we sure as hell better not do

...as long as we don't increase the A/S...once the first warrant holders do their cashless transactions...and available authorized shares become even more scarce...they will have to re-vote on A/S and R/S except next time not under the guise of Nasdaq requirements for pps

...this price action Friday is behaving more like a stock that had it's A/S increased with plenty of authorized shares still available with massive dilution still in front of it...which is not the case...we have an A/S maxed at 200m with minor dilution in front of us as well as a bunch of good news forthcoming

...so I would say that Friday was waaaaaaaay oversold

...Mylife