Thursday, August 18, 2011 5:42:19 PM
O/S has increased. No surprise there, either.
O/S is now 1,167,602,087 as of Aug 15.
Gotta love this.......
In addition, during the three months ended June 30, 2011, the Company entered into a Term Sheet and Stock Purchase Agreement to sell up to $500,000 of its common stock over the next 12 months at a 50% discount to the market to Orchid Island Capital Partners LP. To date, the Company has received $50,000 in consideration for 58,333,333 shares of common stock that were subsequently issued in second quarter of the 2012 Fiscal Year.
http://www.thestreet.com/story/11194463/1/orchid-islands-ipo-dotted-with-red-flags.html?puc=msn&cm_ven=msn
"Give 'em the old Razzle Dazzle.....razzle dazzle 'em"
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