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Re: Richard2 post# 7628

Wednesday, 02/23/2011 11:14:47 AM

Wednesday, February 23, 2011 11:14:47 AM

Post# of 13354
You are right, there are times it makes sense to issue shares. Unfortunately Parsons has chosen to use it in such a way that it hurts shareholders and only benefit himself and his two close friends Parrish and Poston. As you remember, he issued himself and Parrish and Poston a combined total 35,250,000 shares. Although they are not free trading as of today, once they are, it will effectively cut our share price by 38%.

Did you notice they released more paperwork today. Articles of Incorporation for 3 different time periods. Can't wait to see something more meaningful, like signed contracts .....