News Focus
News Focus
Followers 48
Posts 8459
Boards Moderated 5
Alias Born 07/26/2008

Re: dale45 post# 13741

Wednesday, 10/08/2008 12:14:07 AM

Wednesday, October 08, 2008 12:14:07 AM

Post# of 22460
Actually, it has been shown that there are around 100M shares/month dumped. Considering there are 22 days/month, that would average out to around 5M/day. Plus, let's not forget that Eugene recently updated the A/S to 2.5B from around 900M. So, it's not out of the question to think this was a another daily dose of dilution.

If you have doubts of this, you can check out the share numbers from the start of this year up until now. I believe Pedro pointed this out in the filings not too long ago. That's not necessarily proof of what just occured but proof that this is going on.

imo

Discover What Traders Are Watching

Explore small cap ideas before they hit the headlines.

Join Today