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Monday, August 10, 2009 10:18:54 AM
If this is the case, then the loss per share of DKAM just improved and got lower. In addition, these shares would have been issued in lieu of cash, which is a far cry cheaper cost of money during the economic meltdown.
As a liability on the balance sheet, those shares would show as an additional $1200 in stock issued and could have brought in as much as $1.8 million in cash.
Not a bad way to go in this economic environment. Especially when you can use that $1.8 million to generate over $3 million in sales alone....which is 100% increase in current sales.
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