Same!Too much stock outstanding a billion authorized and they are paying employees with stock! All stock issued whether to employees, consultants or used to buy another company is eventually sold to retail investors until the stock is near worthless then they reverse split.
The way they put off the shareholders update would lead me to believe that the company is up to something raising money, raising the outstanding, etc. and last years shares are finding their way into the float.
During the three month period ended September 30, 2010, the Company issued 221,650,000 of restricted common stock to various employees and consultants for services rendered. An additional 158,445,863 common shares were issued in cancellation of existing debts.
