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Alias Born | 08/29/2006 |
Saturday, March 20, 2010 11:48:41 AM
Product sales here are lackluster at best. They only sell about 10K worth of goods per month and lose 400K a quarter doing it. Stock sales into the pumps are how this company gets its cash.
These guys reverse split the stock 1 for 4000 less than two years ago and they have already issued so much new stock that their O/S previous to that monster reverse split has already been exceeded. They just raised the A/S by 4 billion shares and added 1 billion to the O/S so they could dump some more into the takeover hype.
We are apt to shut our eyes against a painful truth... For my part, I am willing to know the whole truth; to know the worst; and to provide for it. --Patrick Henry, Patriot and Hero of the American Revolution
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