Tuesday, October 26, 2010 9:38:17 AM
http://www.otcmarkets.com/stock/INOL/financials
Commencing July 1 2010 through October 18, 2010, the Company issued an aggregate of 45,302,445 shares of its common stock to 4 note holders pursuant to the conversion of certain outstanding convertible promissory notes (the “Promissory Notes”) held by such note holders bringing the total issued and outstanding shares of common stock of the Company to 158,947,522 shares as of the date of this report. The conversion ratio under the Promissory Notes was a 75% discount to market price for the Company’s common stock. As a result of the conversions the Company reduced its notes payable by approximately $17,900...
Now that's funny, Berthold valued his stock at .000395 per share, plus 25% of the average PPS. Looks like it's going to go WAAY down. Toxic financing always assures you of a falling stock price, right now someone has about 45 million shares to dump on the market. As long as the "financiers" can get more than .0007 or so, they make a profit. Consider this a map for the future value of the stock. Why argue over wether or not the test is valid (it's clearly bogus, just a PR) when Berthold has given you a preview of the stock price to come?
Tell me lies, Tell me sweet little lies...
Fleetwood Mac
as always, In my opinion, of course!
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