Here's probably why it won't go up:
Safety operates its business on a fiscal year ending June 30. Safety achieved the first milestone for the calendar year ending December 31, 2008. However, based upon information available as of the date of this filing, the second financial milestone for the calendar year ended December 31, 2009, has not been satisfied, resulting in a potential adjustment to the conversion ratio yielding approximately 56,300 shares of Common Stock
for each share of Series H Stock, or approximately a potential additional 230,000,000 shares of our Common Stock in the aggregate.
That takes the stock from just under 50 million O/S to almost 300 million. And this stock is typically low volume, it might take months for them to dump 230 million shares, likely on any and every spike from PR's, filings etc.
sucks, really good news too, I see a fair amount of these smaller companies get nailed with toxic financing, worst example in the last couple of years is ETLS. Now the shareholders have to pay for it...doesn't seem right does it?
Well, we can choose NOT to play, sorry, no HOMS for me today.
GLTA
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