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Thursday, September 02, 2010 7:18:00 AM
Look at the news releases. They require serious money to complete. Not just a down payment or deposit.
I have not seen in any of the company filings that anyone gave them money for this. No private placements or issuance of equity/debt that was reported. That means the insiders funded it all up to Aug. 10 with their own money and took the risk prior to moving paper. i dont see how moving 6 to 70 million shares at .0007 average is less than 500k which is the cost of a shell and deposits on deals( not full payments) and some expenses.
Furthermore, a float of 26 or 96 million shares at .001 would have exploded to .03 quickly. It was therefor to everyones benefit that the stock has at least 696 mil. in it.
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