Friday, June 11, 2010 2:45:35 PM
They filed for the r/s in April.
On 5/19 they issued 35 mil Class B Preferred convertible 2:1 after 1 year.
On that same date they added two new directors.
Surely the issuance of the preferred stock was for the noobs.
The r/s was for the common stock only.
2:1 convertible after a 40:1 r/s = huge increase in pps for the convertibles.
if they put the kaibosh on the r/s.... something big must be on the way.
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