Does not much matter as they will still be diluting shares to pay for operating expenses. No matter whatever is projected presently. If it does not offset the operating expenses. The shareholders will continue to lose.
Pump and promises!
Somebody better come up with real money. Not shareholder pollution.
Does it matter?
"Certain members of our Board, their affiliates and our executive officers, as stockholders, control our company.
The members of our Board, our executive officers, and Dr. Santilli collectively beneficially own approximately 1.82% of our outstanding common stock (with the inclusion of outstanding options). As a result of this ownership, they have the ability to significantly influence all matters requiring approval by stockholders of our company, including the election of directors. Dr. Santilli and his spouse Carla Santilli, together with their children, Ermanno Santilli, our Chief Executive Officer, and Luisa Ingargiola, a Director (the “Santilli Family”), beneficially maintain voting control over 100% of our outstanding 1,000,000 shares of Series A preferred stock, which entitles the Santilli Family to voting rights in the aggregate of 100,000,000,000 votes. As a result, the Santilli Family has the ability to significantly influence all matters requiring approval by stockholders of our company. This concentration of ownership also may have the effect of delaying or preventing a change in control of our company that may be favored by other stockholders. This could prevent transactions in which stockholders might otherwise receive a premium for their shares over current market prices."
1/2 cent Vancouver penny mooching pirates!
