The only positive here is that the shares are "restricted"... so they cannot come flooding into the market. That being said, I do not know the specifics of the restriction.
Solid... can you communicate with your pal and get him to provide some semblance of an explanation for the 33 million shares he and the board awarded themselves? I know they have not been receiving salaries and have been financing the company out of pocket... but holy cow!!!!
JB.... you CAN'T issue 33 friggin million shares and not say anything about it!!!!!!!!!!!!!!!! That's close to 400 million pre R/S!!!!!!!!!
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