Wrong again, it's 50 million
There are 350 million authorized shares.
On Sept 17, 2008....at the shm in their 1st Rancho Bernardo office after the move out of Poway, the proxy vote FOR was officially approved by majority vote, to increase the A/S from 300 to 350 million.
After the vote was officially recorded per SEC guidelines and documented by the then Secretary, Robert Putnam, a question came from the audience..."why did you not ask for 100 million, we would have approved it"...RP replied, "if we needed 100 million we'd of asked for it."
Here we are coming up on 9 years later, and the company has not sold a single share into the market in an effort to raise funds.
Will a day come that they use some or even all of these shares, 50 million of them, not 100 million, to raise money...could be, but let's get the facts straight for our reading public.
Overly optimistic speculation, creates unrealistic expectations, resulting in extreme disappointment.
