Akers Biosciences Inc. (AKER)

[knuts4oe]

A search of a number of financial websites shows that most are still showing AKERS outstanding shares as 8.9 million. However, TD Ameritrade shows 18.6 million, indicating recognition of the recent private placement of shares by AKERS.

On the recent "Akers Biosciences Business Update, Joshua Silverman, Lead Independent Director @ AKERS, said "I could say we feel very good about our current cash position with over $36 million and over $2 a share in cash".

This means that even with the very significant dilution of AKERS shares resulting from the more than doubling of shares outstanding, support for AKERS share price still remains at $2.00 a share.