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Re: exploreit post# 42166

Friday, 03/25/2016 11:22:55 AM

Friday, March 25, 2016 11:22:55 AM

Post# of 47865
Its in the 10Q that was filed yesterday. States that there is 2.5B O/S as of March 24th. The last number we had from the TA was 1.75B and that was right before the last PR was issued that was fallowed up with heavy dilution. Since there is no convertibles due until the end of May it means Joel was selling shares directly into the market. Which is perfectly legal if the proceeds from the shares is kept within the company, but I'm pretty sure Joel filled his pockets with that money and didn't pay off any of the company debt. So he can actually be charged with embezzlement since he basically robbed the shareholders.

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