Hey guys just trying to get a re-feel for IARO. Was in last year.
I see where they raised the A/S from 350M to 700M on June 9th 2010. I know they are reporting on Pinksheets but cannot get a full picture here of the Float.
I see where on May 14th they had 289,535,717 shares of common stock issued and outstanding.
I also see from 10Q: From its inception through the date of these financial statements the Company has incurred significant operating expenses. Consequently, its operations are subject to all risks inherent in the establishment of a new business enterprise. As of March 31, 2010, the Company had accumulated deficit of $16,306,908.
Would this be the reason for the doubling of the A/S, to dilute?
No bashing here just trying to get an accurate picture.
