Moving Bytes (fka MBYTF)

[andrius]

noticed a REGDEX filing the other day.... Kind of freaked me out for a bit thinking it could be dilution eventhough all the new shares have a 1 year holding minimum.....

Paid $50 to Edgar so I could see the filing and there is nothing there that we already don't know. The filing just basically had details of Warner offering which we already knew about through the 8K from 03/21 and SC 14F1 filing from 04/04. Wasted $50 but at least I KNOW for sure there is nothing going on behind the scenes.

Heres a nice part from that filing... "Has the issuer sold, or does the issuer intend to sell, to non-accredited investors(shareholders like us) in the offering? NO" :)

Float remains unchanged as we thought and don't see it changing at least until the 1 year minimum holding period is up NEXT year. Insiders own all but 15M shares(insider shares are restricted). Out of the 15M shares not owned by insiders Imobile got 4.5M which are resticted and Glenora Associates own 2.7M. Low Floater it is!!! Now we just need the news :)

BTW I would post the REGDEX filing but unfortunately I got it in PDF format. If anyone wants to see it PM me with an email and I'll be glad to pass it down.