Innovative MedTech Inc. (IMTH)

[bliz82]

Do you really want to know?

Remember the notes that we had payable? Over 380K worth. Well it looks like they gave up being paid back in cash for a bunch of restricted shares (over 50M!) at only .008.

The rest (over 7M) were given to whoever they used for consulting services at another huge discount to current share price of .0096.

And how convenient, the total shares outstanding now is exactly 200 million. Exactly what our authorized is. So now our O/S has ballooned from 42M last February to 200M now.

As of March 16, 2010, there were 142,582,396 shares of Common Stock +

50,122,544 restricted common shares at an average per share price of $0.008 +

7,295,060 restricted common shares for financial consulting services to the Company at a per share price of $0.0096. = exactly 200M!

Some will defend this move to lower debt or the fact that they are restricted shares, blah blah blah. All I know is they were given over 57M shares at a extremely discounted price and our A/S is maxed out. The next step will be to raise the A/S.

I sold as soon as I saw that. What a joke. GL to those that stick it out. I'm just glad I still made some money.

http://yahoo.brand.edgar-online.com/displayfilinginfo.aspx?FilingID=7170882-1051-6550&type=sect&dcn=0001052918-10-000120

http://yahoo.brand.edgar-online.com/displayfilinginfo.aspx?FilingID=7139536-1032-68902&type=sect&dcn=0001052918-10-000086