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PRmaniac

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PRmaniac

Re: karma2 post# 34723

Sunday, 04/17/2011 11:55:05 AM

Sunday, April 17, 2011 11:55:05 AM

Post# of 49071
Dilution is a big concern.

So is this,in a statement by the CEO.

We have reissued some shares mostly for acquisitions but these are 144 shares that are restricted for one year from the date of issue.

So why is the drastically-increased float so close to the number of outstanding shares? Aren't restricted shares not supposed to be part of the float.
And how could he be getting around the requirement for registration of the new free-trading shares he has been issuing so fast? What exemption could he be possibly rely on? Only the SEC may know for sure, unless someone can get an answer from William Ottens.
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