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Alias Born | 06/26/2009 |
Wednesday, August 26, 2009 9:15:42 AM
In the Q1 report the company posted 1.5 billion o/s, and between April 1 and June 30 another 19.5 billion shares were issued. According to the data listed on pinksheets, only 16.7 billion shares were traded in that time period. I would think it would be a safe assumption that not all of the shares traded in those 3 months were dilution, and even if half were that leaves around 10 billion that were issued to someone. So who were the shares issued to? Most likely the shares were issued to pay off debt....and if you look at their debt we could easily end up with 100 billion o/s.
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