looks like they have share volume now for a realy good DUMP into small retail investors, need to have a lot of shares in the market for these small retail trades, IMO the PUMP has begun...
From the filing you posted link:
Increased from 5,540,000 shares of common stock to 33,240,000 shares of
common stock based upon the forward stock split of six shares for each one
share issued and outstanding effected on the market as of July 28, 2008;
further increased from 33,240,000 shares of common stock to 99,720,000
shares of common stock based upon the forward stock split of three shares
for each one share issued and outstanding effected on the market as of
April 28, 2009
The 2008 Forward Stock Split was effectuated based on market conditions and upon
a determination by our Board of Directors that the 2008 Forward Stock Split was
in our best interests and of the shareholders. In our judgment, the 2008 Forward
Stock Split resulted in an increase in our trading float of shares of common
stock available for sale resulting in facilitation of investor liquidity and
trading volume potential. The intent of the 2008 Forward Stock Split was to
increase the marketability of our common stock.
APRIL 2009 FORWARD STOCK SPLIT
On March 30, 2009, our Board of Directors authorized and approved a forward
stock split of three for one (3:1) of our total issued and outstanding shares of
common stock (the "2009 Forward Stock Split"). Each of our shareholders holding
one share of common stock was entitled to receive an additional two shares of
our restricted common stock. The additional shares of our common stock issued to
the shareholders in accordance with the 2009 Forward Stock Split were mailed on
approximately April 28, 2009 without any action on the part of the shareholders.
The 2009 Forward Stock Split was effectuated based on market conditions and upon
a determination by our Board of Directors that the 2009 Forward Stock Split was
in our best interests and of the shareholders. Certain factors were discussed
among the members of the Board of Directors concerning the need for the 2009
Forward Stock Split, including the increased potential for financing. The intent
of the 2009 Forward Stock Split is to increase the marketability of our common
stock.
The 2009 Forward Stock Split was effectuated on March 30, 2009 upon filing the
appropriate documentation with NASDAQ. The 2009 Forward Stock Split increased
our total issued and outstanding shares of common stock from 33,240,000 to
approximately 99,720,000 shares of common stock. The common stock will continue
to be $0.001 par value.
