bioMETRX, Inc. (fka BTRX)

[hitechwatcher]

Roger, it should be noted that the figure you are quoting of around 16 Million plus is nowhere near the current outstanding shares as of today.
Millions of shares have been issued and millions more under a new SB2 filing since the first of the year.

As per your request here is where you will find out that the O/S is closer to the 19 Million + as I posted.

I refer the board to the same SEC filing you are quoting. To get the accurate O/S as I have you must read the following:

Note 11: Subsequent Events/Common Stock

This will show in detail the millions of shares issued since 1/01/08 and millions more under a new SB2 filing of which 2.5 Million can be immediately issued.

So one must look at the current PPS and factor in these millions of shares in addition to the millions about to be issued for financing and millions of immediately vested stock being given to former Sequiam employees.

I a must trying to point out the basic math. With this dilution which will double to triple the float and most likely bring a 300-400% of the O/S the PPS will decline dramatically from current levels before any possibility of recovering if BMRX can change paths and become profitable.