On May 7, 2010, the Company issued an amount of 3,700,000,000 (Three billion seven hundred million) shares of its Common Stock to Redwald Investment Group, Inc. in a partial settlement of a Loan Note issued on October 1, 2008. These shares of Common Stock were issued at a price of US$0.0001 per share of Common Stock, equating to an amount of US$370,000 (Three hundred and seventy thousand dollars).
I'm confused by this, why wouldn't they just dump these shares into the open market and sell them instead of giving the investment group the shares, when the company sells don't they then need to make those 3.7 billion shares at .0001 into 3.7 billion shares at .003? Am I wrong?
