They simply lied when they said there was a reverse split last year. It never happened. 14 Billion was the outstanding prior to the split, and they have not traded anywhere near a total of 14 Billion all year, so what was newly issued in that amount could not possibly have been sold. Its really that simple.
What puzzles me is how they got the Market Makers to assign a value that reflected the reverse when there was none. Talk about setting up the ASK!
These people a crooks - Period. They should, IMHO, be hanged (slowly) alongside Saddam - at least the Tribes of the Middle East would be fully represented on both sides. Problem is, there would be 20 people in the hanging party.
Sleep well, Liat and (her?) bosses. May all of you sleep with the fish.
JL
