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TraderRick47

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TraderRick47

Re: None

Monday, 12/22/2008 11:59:07 AM

Monday, December 22, 2008 11:59:07 AM

Post# of 141623
So Basically we can conclude how much dilution actually occured recently.
Claimed Float was 9 million shares
Admitted Divy Error 6 million shares
Claimed Float Now 26 million shares

Dilution 11 million shares

Most of this dilution had to have occured between .008 and .01 which means he raised somewhere between $88,000 and $110,000 in capital for the company.

Wouldn't it have been much easier to tap into the $20 million line of credit to keep his credibility.

Please do not make investment or trading decisions based on what you read from a stock board. Do your due diligence before buying any stock especially a penny stock. The stock market is where money is transferred from the impatient to the patient

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