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Thursday, December 09, 2010 5:28:48 PM
PinkSheets has Tesoro with almost 2 Billion shares outstanding. Is this correct? With 2 billion shares the market cap is $200,000. Are they still issuing shares? How many shares do insiders have?
How did they pay for the new store? If the store cost $100,000 to open and they had to issue shares to pay for it, the share count may hit 4 billion.
Do they have money to pay for press releases or will they issue shares. I just looked at their financial filing with PinkSheets and the company has zero in the bank.
Any insight would be helpful.
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