InvestorsHub Logo
Followers 15
Posts 2222
Boards Moderated 1
Alias Born 11/03/2010

Re: phunnibone post# 22398

Tuesday, 12/21/2010 12:55:40 PM

Tuesday, December 21, 2010 12:55:40 PM

Post# of 102667
Actually, we do know, as it is clearly spelled out in the PR:

Shareholders have expressed interest regarding the number of shares that are outstanding in the Company. As of December 1, 2010, there were 298,306,737 shares outstanding. In the two months following our last report on September 30, 2010, the Company issued shares for consultants and managers, and the liquidation over eight hundred thousand dollars ($800,000) of debt. During that same period, the number of shares available in the "float" grew to approximately 150M shares as legacy shareholders and others recognized the significant increase in liquidity during the month of November, many of whom had held restricted stock for over three years. At the time of authorship of this communications, there is a possibility for additional debt conversion although amounts available for conversion are greatly diminished, likely reducing dilution in the near term.
Join InvestorsHub

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.