Increases in shares issued have resulted from extraordinary opportunities to settle outstanding legacy debt and the Company will continue to be opportunistic at issuing equity to pay off debt.
And from the last 10 filed
As of August 16, 2010, we had approximately 190 holders of our common stock and a total of 960,162,856 shares issued and outstanding.
So what is 450 Million shares at $0.003 worth? Since August the company sold over $1.3 Million worth of stock. The Rule 144 restrictions were listed so they were most likely sold into the EOY pump. My bet is that Ault convinced these people he could do it again. He has shown the investors that he has investors who have bought into the Oil con.
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