Sunday, June 17, 2007 1:42:28 PM
With 50 mill. authorized and 26 mill.outstanding UWNK can issue 24 mill. shares.
With 100 mill. authorized and 6.5 outstanding UWNK can issue 93.5 mill. shares.
If we break it down to percentages my low brow friend UWNK has control of less than 50% of the shares. After the Reverse Split UWNK will have control of 92-93% of the shares.
Shareholder can still make money here but Mr. Bushnell has hamstrung the early longs that have given him so much support over the last 3 years. This is a share grab plain and simple.
The company could uplist soon with all the good news comming down the pipe. This is not about uplisting it s about control.
Bushnell you should be ashamed of yourself!
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