InvestorsHub Logo
Followers 29
Posts 8118
Boards Moderated 0
Alias Born 06/15/2006

Re: morcash post# 45

Tuesday, 02/12/2008 4:36:09 PM

Tuesday, February 12, 2008 4:36:09 PM

Post# of 157
Re 1/9 article. the stock 7.00 prior to the issues related to the CEO biography and class action suits. WHY IS IT .30 TODAY?

IMO/Guess - dillution/selling since no form 4's were filed from isiders it would appear that any selling is either a result of the "pumper" Pierce 2million shares and/or any remaining shares from the company SB-2 filing 6/07: 9.5M?

So if we assume that up to 11.5M shares could be since Dec - how many are left?

It appears that NITE is shadowing trades and keeping the pps boxed, notice each buy on ask is immediately followed by the same transaction .0001 lower.









CALCULATION OF REGISTRATION FEE


Title of Each Class of Securities
to be Registered(1)
Amount to be Registered(2)
Proposed Maximum Offering Price Per Share(3)
Proposed Maximum Aggregate Offering Price(3)
Amount of
Registration Fee(4)

Shares of common stock, par value $0.001 per share
678,060(5)
$5.40
$3,661,524
$112.41

Shares of common stock, par value $0.001 per share, underlying common stock purchase warrants
678,060(6)
$5.40
$3,661,524
$112.41

Shares of common stock, par value $0.001 per share
205,000(7)
$5.40
$1,107,000
$33.98

Shares of common stock, par value $0.001 per share
3,981,164(8)
$5.40
$21,498,285
$660.00

Shares of common stock, par value, $0.001 per share, underlying common stock purchase warrants
3,981,164(9)
$5.40
$21,498,285
$660.00

Totals:
9,523,448
$51,426,619
$1,578.80

Join InvestorsHub

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.