News Focus
News Focus
Followers 55
Posts 3786
Boards Moderated 0
Alias Born 08/10/2004

Re: ponzi_implosion post# 3715

Wednesday, 06/02/2010 4:00:27 PM

Wednesday, June 02, 2010 4:00:27 PM

Post# of 40315
If you read you can see that 100 units were sold for $5,000 per unit for a total of $500,000. Each unit was 50,000 shares of restricted common stock (non-registered securities means that it has to be restricted pursuant to rule 144 under the Securities Act of 1933).

That also means that a total of 5,000,000 shares of restricted stock was sold for $0.10 per share. Look at the quarterly report and look at the share # before the private placement and then look at the quarterly report after the private placement. It only went up by 5,000,000 shares. Simple math and simple DD.

Discover What Traders Are Watching

Explore small cap ideas before they hit the headlines.

Join Today