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Wednesday, August 31, 2011 10:46:54 AM
On March 31 the O/S was 1,445,911,508 with 1,500,000,000 A/S. The major run up from .0006 started around May 9th. The A/S wasn't increased until the middle of June. Mark Leonard could have issued the 50+ million shares during or right before that initial run-up leaving no room to dilute until the A/S was increased in June. Since there has been plenty of room to dilute the PPS has been falling since then.
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