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Alias Born | 10/24/2008 |
Thursday, April 02, 2009 12:55:43 PM
How are salaries being paid? In the past deferred salaries have been paid in stock...I would not be surprised at all if the real shares outstanding increase to at least 5 billion shares as of 12/31/2008...but this is likely being hidden in deferred salaries...and they have no financials to reveal this...see www.pinksheets.com and see the old financials...if I am right, and this means they are printing stock, then shareholder dilution at this scale is an enormous inflationary pressure that automatically reduces the value of the common shareholder. In essence, the common shares become almost worthless because of their printing of new shares at their sole control. Google Zimbabwe, Africa inflation rate and you will see rates of 231 MILLION% inflation...really!!!
231 million per cent inflation: Zimbabwe dumps currency
http://www.smh.com.au/news/world/231000000-inflation-zim-dollar-dumped/2009/01/30/1232818687057.html
http://www.google.com/search?q=zimbabwe+inflation&ie=utf-8&oe=utf-8&aq=t&rls=org.mozilla:en-US:official&client=firefox-a
The Zimbabwe government simply printed money like monopoly money...really!!! They know this and thus, why they will be issuing preferred shares to themselves, and then at a later time they will do a reverse split that assures them no dilution of their existing shares while common shareholders are very likely financially raped.
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