I've considered this and I am not bothered by how big the OS is. I am bothered by why the CEO has to keep giving shares away (not including the preferreds that are being converted) so cheaply.
The Company issued 35,050,005 shares of common stock to investors for $1,087,000 (~$0.03 per share)
The Company issued 29,150,000 shares common stock for services and recorded consulting fee expense of $3,963,500 for the issuance of these shares (~$0.136 per share)
OK, so the 2nd one is not so bad. Both of these happened between April and May 20 so what was the difference?
My opinion of the CEO is that he does not have the interest of common shareholders in his heart. I sure would like to know who these investors are that got dirt cheap shares and what their relationship is to the company and/or CEO.
That being said, unless there is outright fraud in the reported increase in revs and orders, I am still here.
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