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Alias Born | 11/11/2006 |
Friday, July 08, 2011 10:17:54 AM
I feel ya bro, I bought 500K at .02 so I'm getting killed here too. But if you do DD, you will see that sales are likely to increase going forward and some debt has been paid down. The company stated they did issue 9 million shares to pay debt so I'm thinking they did the some of the same with all recent dilution. They're not diluting now, just clearing out what was already issued. Once that is done we should start moving up. Shares for debt, no one likes it but it does make the company stronger.
Stick around for Q2 financials, they could be great. Remember, this company has 19 employees so it's not your typical pinky scam.
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