InvestorsHub Logo
Followers 0
Posts 4227
Boards Moderated 0
Alias Born 08/27/2004

Re: Z732Z post# 25824

Monday, 02/21/2011 10:54:58 PM

Monday, February 21, 2011 10:54:58 PM

Post# of 30337

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.
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.