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Re: dshade post# 26975

Monday, 05/24/2010 4:45:33 PM

Monday, May 24, 2010 4:45:33 PM

Post# of 76214
dshade...that infusion of WC was with warrants that could be converted to common shares at a strike price of $.025...i think it worked out to 38M shs...that is not a bad trade off...800M for 38M...my problem is the reduction is not on the tradeable float but the restricted shares the senior mgmt had that could not be traded anyway...i have seen numbers on this board on the float from 725M to 1.2B...both are too high...if the MMs are walking it down I hope it to make retirements at the lowest possible costs 1B shs costs $1.1M @ $.0011 per shs....if mgmt could muster that for share retirements the pps would rocket but that is a pipe dream in the pink world...maybe if frank hits the lottery he would be benevolent and retire shares