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Re: Traderfan post# 7483

Monday, 11/21/2011 4:05:05 PM

Monday, November 21, 2011 4:05:05 PM

Post# of 163716
Correct me if I'm wrong but at this time there have been no shares given out for debt yet, just the maximum amount of shares set aside and the final number of shares for the debt swap is depending on the average share price for a period of time it takes to trade $9mio worth of shares (if memory serves right) and that period is still ongoing so the final dilution is not known yet as is the actual share price they'll be getting them for (as we were mostly trading above $0.55 per share so far). And the maximum number of shares resulted from a 10% dilution limit according to the filing (again, if I'm understanding this correctly).
On top of that those are unregistered shares so far and hence can not be traded publicly and it would be interesting to know what the restrictions will be once they file a registration.

Cheers

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