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Re: kennypooh post# 67893

Tuesday, 12/08/2009 6:48:38 PM

Tuesday, December 08, 2009 6:48:38 PM

Post# of 111729
You're correct, they did raise the O/S in March. I meant to say that since the raise in total share structure in March they've only raised the O/S by 80M. My explanation was sub-par and wasn't meant to mislead any readers on this board. To elaborate, my thought is that they would have unloaded those original shares on the way up from sub-penny in March.....so by July most of those shares would have been unloaded as I'm sure the company wasn't expecting a giant pr from XOM with a $600M investment in algae. They could have unloaded those shares in 2 months. If they wanted to rip us off, when the stock was lifting off in July they would have kept raising the O/S to make more money. At that time there was a 100M sh difference between O/S and A/S. That shows me this company is not a stock selling scam like a spongey stock I bought. I will be more careful with numbers I post in the future.