InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
Subscribe Login/Register
S&P 500
5,473.17
(
-0.25%
)
US TECH 100
19,204.40
(
-0.28%
)
Dow Jones
39,134.76
(
0.77%
)
Brent Oil
84.80
(
-0.24%
)
Bitcoin
63,573.34
(
-1.92%
)
Post# of 797
Next 10
Reply Private New
Public Reply Private Reply New Post
Keep Last Read
Replies (2) Keep Next 10 Report Keyboard Shortcuts
Replies (2) Next 10 Prev Next

sidehill lie

Send PM Follow Ignore
Followers 0
Posts 67
Boards Moderated 0
Alias Born 01/01/2005

sidehill lie

Re: None

Friday, 01/28/2005 12:53:08 AM

Friday, January 28, 2005 12:53:08 AM

Post# of 797
No wonder the stock went down the toilet. This is from the 10-Q.

>>During the third quarter of 2004, the Company raised $1,440,000 by selling 80,000,000 shares of common stock issued under Regulation E.<<

So while the stock was trading somewhere between $4 and $2, they were selling shares for less than 2 cents apiece.

Unbelievable.
Public Reply Private Reply New Post
Keep Last Read
Replies (2) Keep Last Read Next 10 Report Keyboard Shortcuts
Replies (2) Next 10 Prev Next

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.

Sign Up