InvestorsHub Logo
Followers 71
Posts 17634
Boards Moderated 0
Alias Born 08/29/2008

Re: TradeForProfits post# 18311

Friday, 03/27/2009 9:32:34 AM

Friday, March 27, 2009 9:32:34 AM

Post# of 41474
So dilution is still INCREASING in volume. Oh my!

This is scary as heck for longs, who were told or though there were 35-38 million shares outstanding after the reverse split, purportedly from emails from Mike P himself.

280 million shares x 300(reverse split ratio) = 84 BILLION SHARES on a pre-reverse split basis.

They had 15 billion otherized before the last reverse split! Ouch...the bad news keeps getting worse for longs, IMO.
Join InvestorsHub

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.