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PRmaniac

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PRmaniac

Re: soupoftheday post# 8125

Friday, 08/29/2008 2:04:16 PM

Friday, August 29, 2008 2:04:16 PM

Post# of 41474
Actually they can issue more than 7.5 billion shares

They have 10 billion shares authorized.

The last two reverse splits (2007 & 2008) saw them diluting to near 10 billion shares, then doing a reverse split each time. Then the stock price resumed its downward dilution spiral as the company kept issuing billion more dilutive shares.
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