Friday, January 22, 2010 5:35:40 PM
On Dec 1 YA converted roughly $549,000 worth of convertible debentures into 45,000,000 shares of common stock at a conversion price of $.012 per share. They immediatly started selling those shares into the market begining at $.016 per share and continued dumping them, driving the PPS down from .016 to .01 within a couple of weeks. In doing so they added 24,500,000 shares to the float and recovered $351,000 of their initial cost leaving them with a balance of $198,000 as yet unrecovered but they also still have 21,000,000 shares at an average cost of .0093.
If you just look at the shares sold so far and the cost basis of those shares, they have recovered roughly a 19% return so far.
"A man doesn't know what he knows until he knows what he doesn't know"
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