PM75,
All shares emmanate and are issued from Corp. treasury to convertible note holders, angel investors, vendors, etc.
The recepients of the newly minted shares have the right to sell those shares if they do not bear a restrictive legend.
The conversions are called in by the noteholder, within terms of their notes.
Technically, the new shares are sold by the recepient of the shares but the source of the shares are allocated and sold for cash or services by the company.
In Tivus' case I do not believe that they have sold shares directly into the market, though they have likely placed a certain # of shares with MM's to create and maintain a market for Tivus shares.
BTW, PR today = new shares printed. +26 mil new O/S = 241,851,245
44 mil shares increase to O/S within 7 days. GEEZ, hopefully stops soon.
All IMHO. GLTA
D
