Well, here's the recent time-line for the PHSM Printing Press...
-- 55,645,530 SHARES, $.001 PAR VALUE, AS OF NOVEMBER 10, 2005
-- On March 17, 2006, 78,571,087 shares of the Registrant's common stock, par value $0.001 per share, were outstanding.
-- 86,738,633 SHARES, $.001 PAR VALUE, AS OF May 19, 2006
-- On June 2, 2006, the Company issued an aggregate of 47,249,992 shares of Common Stock to Investors pursuant to the Securities Purchase Agreement and also issued to each Investor, in addition to the shares of Common Stock, five-year warrants to purchase up to an aggregate of 23,624,991 shares of Common shares of Common Stock, at an exercise price of $0.08 per share. In addition, the Company issued an aggregate of 3,799,821 shares to certain officers of the Company for conversion of an aggregate of $278,653.55 of accrued salary (less adjustments for applicable payroll and withholding taxes), pursuant to the terms of the Securities Purchase Agreement. The securities were not registered under the Securities Act of 1933.
So now we're talking about ~140M shares currently, with a R/S and more financing on the horizon, and the MC has gone up 2.5x.
I'm not a fan of this management.
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There is a little black spot on the sun today
