Nik ?
You just wrote that the CEO raised $140,000. Was it from the sale of stock, and if so, was it restricted 144 paper, and how many shares did it represent.
You also wrote the CEO retired 386 Million of his own shares to prevent dilution, but since this stock became public, its been diluting all along, and now he increased the Authorized Shares from 1.5 Billion to 6.5 Billion.
Did he retire them as in removing them as in giving them back as if he never got them ever, or did he convert them into non-trading ?
Um, how is he preventing dilution by doing that ?
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