AppTech Payments Corp (APCX)

[silencedogood2011]

The O/S changed due to the 500M shares given to ORONOCO Telcom in the acquisition. The next 500M has been given out to Eduard Borreo in exchange for him coming on board. These shares are restricted until 2012. That is the 1B shares you are talking about. Not dilution.

The O/S has been over 2B since last year when Natural nutrition and the ex-execs decided to sell their stake. As of now over 65% of the O/S is restricted until 2012. Has the company sold shares?

Go take a look at the Nov 2010 Q report. Then look back through it. You will see that shareholders equity has not changed that much. Only the class C shares that was going to be sold showed up in the O/S momentarily until Mr. Ottens bought them from Mr. Connolly for 100K and restricting them until 2012. This restructured the O/S back to over 2B until the acquisition and the compenstation given out and restricted.