Could this be the reason for the dump?
From letter to shareholders:
We have recently paid back certain short term debt, leaving us with approximately $6 million in 6% convertible debenture debt. As of today's date, our outstanding shares of common stock total 178,335,325, with potential further dilution as follows: the convertible debentures which, if, converted would result in the issuance of 3,887,259 additional shares; 11,448,393 in outstanding warrants convertible into an equivalent number of shares; and 15,851,313 non qualified stock options outstanding to directors, employees and consultants.
There have been over 5 million shares traded in the past 4 days, average of 350,000 shares per day before that (5m - 1.4m = 3.6m). Will it continue this week or have all the CDs been converted and traded?
#board-3073
Beware the Jabberwock, my son!
The jaws that bite, the claws that catch!
Beware the Jubjub bird, and shun
The frumious Bandersnatch!
