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Thursday, October 18, 2007 8:17:50 AM
Since January of this year they have been borrowing 200k+ a month from Fife...may have missed a month or two...going from memory but it is disclosed in filings...that is 6.67 million shares a month at .03 without any discount and he has been getting huge ones...so I estimate at least 20 million shares a month at current prices. At .30 it would have only been 2 million shares >> not bad....but 20 million is unsustainable..imo.
As you can see...as the share price sinks the number of shares to pay Fife skyrockets. They need to get rid of the Fife deal but again..what bank is going to lend out millions to a company that cann't turn a profit??
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