In the case of WRNW the first REGDEX was for $50,000 issued on 2007-02-05. Considering the deep discount that private placement investors get. That $50,000 was probably worth about 10,000,000 shares. Now look at the chart on 2007-02-01 thats when the stock lost support at .04.
The next REGDEX amendment was on 2007-02-23 which was for the amount of $478,166.33. This probably added about 100M shares more.
The most recent REGDEX amendment was on 2007-04-11 in the amount of $231,180.50. This is about 50M shares more of dillution.
My guess-timate is about 150M-200M shares were added to the 330M figure. This was the reason for the A/S increase. My best guess is we have absorbed most of the dillution now. However ALOT of shares were bought under our current price of .01. Infact I would imagine there are quite a few people sitting with over 100% gains that have yet to sell. As each day passes a few get frustrated and sell. You also have many folks scalping for 10% gains. You probably also have a few Reg D investors that are still dribbling shares into the market. All said there is ALOT of churning going on. At some point a balance will happen and thats when we are all going to be very happy I think.
For you experienced chartists. Use the information I provided up above about the REGDEX amounts. Take into account mirror prints and day traders. Compare the dates with the dates on the chart. I think you will see that the end of this stock churning is almost done. The company stated they had completed raising the $1 million dollars. It is my best guess that the recent burden on the stock price has been the remaining 290M or so shares left to sell. Once they are sold and the amount tallied I bet we see one last REGDEX in the amount totaling close to $1M dollars.
The PR may have stated the $1M dollar financing was done, however I feel there might be a few more shares left, not many lets hope.
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