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Re: madprophet post# 58017

Wednesday, 06/03/2009 12:07:58 AM

Wednesday, June 03, 2009 12:07:58 AM

Post# of 76394
The company either had to do a reverse split to get the price high enough to make good on their Paradigm deal, or they had to authorize a ton of shares to give to Paradigm because the pps wasn't high enough to give them what they agreed upon. I think the F/S is just a mask to cover that issue and has been spun into a positive event that is supposed to take the place of the preferred dividend that they never delivered on.