Friday, December 03, 2010 2:58:16 PM
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The key thing to note is that the S-1 HAS NOT BEEN APPROVED. Until the SEC can process the filing there will be more dilution.
From the S-1 filed 12/3/10
Common stock outstanding prior to this offering: 599,981,776
So they dumped another 70M shares on the shareholders since the last filing on 11/15/10.
On average they will dump 35M PER WEEK until the S-1 gets approved.
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