Wisdom Homes of America Inc (fka WOFA)

[palmspringsbum]

Well, I really don't want to read all 35 pages. It's appears what they're doing is selling some (if not all) of the restricted shares that they can sell. There is a schedule and I drew up a spreadsheet on it (which I don't feel like looking at, much less studying at the moment) for the shares used for acquisitions.

What I don't get is how I didn't see that in my news. I probably still wouldn't know about it if someone hadn't seen it here - i didn't see it under news or filings on otc or anywhere else.

Off the top of my head, it seems we're talking about a 4-5 fold dilution - 3 blocks of 8M, and assorted other blocks - against a 6M float.

The good news is they won't be selling them for less the $3.50? Is that the long and short of it?