"As of May 14, 2009, the Registrant had 261,763,003 shares of common stock outstanding."
From the 10Q for 1st qtr.
So it is OK that they are at 413 million not 261mil, but nobody believes me when I said they went to 676 million with 1 billion authorized?
BTW I have never said sell. I told everybody exactly what I did. I admitted I sold half my shares at .0017 and even said I would send anybody confirmation of that trade if they PM'd me. The price actually went up literally almost immediately after and I even admitted that I had obviously made a mistake to panic sell so fast. I even told people to pm me their email or phone number and I would call them and tell them exactly how I found out, which btw was actually super easy I just didnt want the loophole closed so I didnt want to publicly release it in print.
I told people to call the TA and told them what to say. So far only laura (who slammed me initially) has called and did in fact verify that I was right about the shares being moved to 1 billion A/S. She said she forgot the O/S number but figured she would give me the benefit of the doubt.
I have maintained all along that the earnings will determine where this stock goes. The share structure just matters because it obviously caps the run somewhat. I was expecting a bigger run. Now I know we wont get it I will not be adding to my position and that is why I reduced. I havent added one share since I sold half.
As you can see from my posts I own IFSL. That stock has a TON more shares than this thing and it ran to .004 twice. So share structure is obviously not the end all be all.
The dilution is important because it can skew financials too.
Just know what you own and study the situation closely. I await the 10q for two reasons. 1. people will understand I am not crazy. 2. I hope for a nice profit.
You can choose to not believe me if you want. Just understand that there is no reason to gag a TA unless you dont want information out there. They also have undergone massive dilution in the last two years. 62 million to 66 million to over 100 million to 261 million to 413 million (all confirmed) but yet my information of 676million with a gagged TA is crazy talk?
WHY GAG THE TA???? Have never heard one good explanation for this other than DILUTION!!!
Dilution is not the end of the world! The sky isnt falling! It is never good, but it isnt a death blow.
Good Luck to all.
