InvestorsHub Logo
Followers 338
Posts 30395
Boards Moderated 3
Alias Born 09/18/2005

Re: Cliffhucker post# 26566

Monday, 08/27/2007 10:34:03 PM

Monday, August 27, 2007 10:34:03 PM

Post# of 26833
Ah ha. Here's why the pps fell like a rock.

Current Capital Change
shs decreased by 1 for 10000 split
Pay Date: Jan 29, 2007



That's a MONSTER r/s. But why did they do that? To hide the 1.354 B of dilution that occurred in 2006. At one point the o/s was actually 51B, but that was just a ruse. They slipped about 1B into the float last 1/2 of 2006, and then acted as if they did a placement for 50B... yeah right! In January they did the 1 for 10000 just to cover up the mass dilution. That r/s took the o/s to 5,135,400, and the pps to $1.00. Now the o/s is what (??) and the pps is what (??). Case closed. Can't blame the bashers on this one.

GodBless - NoDoubt - creede

~> #board-7229

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.