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Re: PRmaniac post# 9548

Friday, 09/05/2008 10:45:59 AM

Friday, September 05, 2008 10:45:59 AM

Post# of 41474
Now I see they have increased the authorized shares to 15 billion. If the Transfer Agent is correct, then that that would equal 300 TRILLION shares on a pre-reverse split basis (2007). They did a 1:100 reverse split in 2007 and a 1:200 reverse split already this year.

Looks like he plans to dilute shareholders' equity to $0 once again.

I don't think anyone could sell their shares now if they wanted to. Looks like no bid at all again. That's what seemed to trigger the last reverse splits, too.
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