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Sunday, June 12, 2011 2:42:55 PM
Here is my determination ...
Purchase of JBIT for 150,000,000 of restricted stock. Restricted by definition is unregistered, and can not be bought or sold. It is therefore currently a non-factor in the oustanding float of shares. Let's all support the principles of JBIT, and hope they all get rich for their had work over the next 25 years. Let's all keep watch of the poress releases and filings to determine when the restricted shares get the green light for monitization.
There has been a 500,000,000 common share and 100,000,000 prefered share increase in authorized capital... maximum. There is no evidence of fillings to, or approval by, FINRA to actually increae the number of common or prefered shares outstanding since the Feb 7 notice to shareholders. I do not see any evidence that any of the approved capital increase (common or preferred) has been put into play.... This increase in capital is a good thing, and can become a source of future funding of operations.
What we are left with, and all that we can quantify, are the audited 148,052,449 GPGI shares, which are now 30 mil BORK shares, due to 5:1 RS.
Current Market Cap = 170 Million.... not so bad given 2 billion + in Revenue potential within the next 5 years.
Any discussion beyond what is known to the public is pure speculation.
Thank you for your time.
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