I'm hearing this question a lot. I'm even hearing how will this stock ever see $0.65, $0.70, $0.75 ever again...
Here's the situation and it has been explained so many times already.
An S3 filing was announced yesterday after hours right around 4:20 p.m.. I had just sold at $0.82 and the stock collapse all the way down to $0.5799
I then began accumulating at $0.63, $0.62, $0.61 and today all my shares were below $0.60
The S3 filing is but a mere registration statement gaining approval from the SEC to register for sale 75 million dollars worth of stock to be sold from time to time at some point in the future as the company needs it
"We may, from time to time"...
Read below
" This prospectus is part of a registration statement on Form S-3 that we filed with the Securities and Exchange Commission, or the SEC, using a “shelf” registration or continuous offering process. Under this shelf registration process, we may, from time to time, sell any combination of the securities described in this prospectus in one or more offerings up to a total aggregate offering price of $75,000,000."
This shelf is just being registered...for future use...read and understand the language...if they were going to dilute now , it would say so...again it's probably for some type of future acquisition or such that they need $$, they're just getting their ducks in a row..he hasn't been buying, so he can dilute his own shares...wake up people!
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