Did not have time to go through the financials in detail, but what is obvious is they stopped issuing cash promissory notes as of the date of the last financials and they have gone back to issuing convertible preferred C stock and also 10% Senior convertible notes. Things must be getting really bad, since they had to issue $150,000 of convertible preferred C stock to raise $75,000 in September. Then in subsequent events on October 21, they raised an additional $15,000 but they had to issued $15,000 worth of 10% senior convertible notes plus $30,000 worth of convertible preferred C stock.
So they went from issuing twice the amount to three times the amount in notes and/or preferred stock for the cash raised in about a months time.
The total common stock issued and outstanding still remains the same at 688,287,060 while the fully dilute is getting very close to a billion at about $996 M.
"Sarcasm is the last refuge of the weak mind". (Dostoyevsky) and "The important thing is not to stop questioning. Question everything" (Albert Einstein)
