InvestorsHub Logo
Followers 13
Posts 1425
Boards Moderated 0
Alias Born 06/17/2009

Re: asdgwest post# 98566

Friday, 08/20/2010 8:46:41 PM

Friday, August 20, 2010 8:46:41 PM

Post# of 111729
They dumped total 270M shares in 2 weeks

I see what you are looking but according to the information at pinksheets.



As of Aug 2,2010 there were only 221,836,093 shares in the treasury. Of which 150,000,000 were supposedly set aside for a Stock Option Plan.



I included Note 5 - Notes Payable in that picture because it also directly relates to your point

Since the last breakout, he converted convertible debts to shares, 300M~400M shares, which seems like he diluted all the remaining shares in A/S maxingout 1.5B



You also stated

What's next is, just my guess, Since Denass keeps selling/converting debts at this low price, I guess, there maybe another A/S increase in a few months.

Longs have been warned about this.. As recently as Aug 11th.



Looks Like a Big Pile to me.