InvestorsHub Logo
Followers 50
Posts 2994
Boards Moderated 0
Alias Born 02/19/2007

Re: drifterfcrc post# 49692

Friday, 08/22/2008 1:17:20 PM

Friday, August 22, 2008 1:17:20 PM

Post# of 192568
Sorry but I dont buy into that theory that the increase in AS was needed to satisfy a TOU with the loan company.

a billion shares @.0001-.0005 would only gurantee 100-500k to the lender.

If that was the case, Jared would have emphasized this in the letter to shareholders. But instead He stated:

"The additional capital will be raised as needed, as part of the financing terms I must increase the authorized shares."


some of these newly issue shares will hit the market soon.




This is only my opinion-please DD before you buy or sell
Jimstr

Theoretical physics can prove an elephant can hang from a cliff with its tail tied to a daisy, but use your eyes -- your common sense ----
please DD before you buy or sell
Jimstr