AS is 950,000,000 SHARES, not $950m.
OS is in question. Per latest Ammendment 2 filing for Form S-1, it is 309M+ shares. Again, unaudited.
Effective 1-26-09, Tangiers was able to sell 47.5M+ shares with cost basis of $0.0027. With the huge volume, I think its safe to say, its been gobbled up and Tangiers made a crapola load of money.
In the Ammendment 2 filing, there is a breakdown of who owns the 309M shares. I haven't gone back too far in the comapanies historical filings to determine what kind of toxic debentures there might be....anyone care to fill me in? If there aren't any, then I would be VERY disinclined to believe that the actual OS is very far from the unaudited reporting.
Plus, again, blue shield threw $150k to pick up shares at approx. $.01. I don't think they would've done that if there was something fishy going on. *knock on wood*