Garrett ---
You don't think that sevenfold is a lot in less than a year? Next year - half a billion at this rate???
Number of shares of Class A, common stock, par value $.00001, outstanding as of April 20, 2005: 66,769,176.
Number of shares of Class A, common stock, par value $.00001, outstanding as of August 10, 2004: 9,687,891
For three months (three months) ending 3/31/05:
For the Three Months Ended March 31, 2005:
Here's just a small part of the dilutive factors. Keep in mind that this is for just three months!!
a) Issued 14,952,387 shares of Class A common stock with a total value of $394,342 for repayment of principal on outstanding notes payable, issued as advances on the equity line financing with Cornell Capital Partners, LP.
b) Issued 2,010,724 shares of Class A common stock valued at $75,000 pursuant to the employment agreement with A. Rudin.
c) Issued 2,243,352 shares of Class A common stock with a total value of $56,084 for interest due on the equity line financing with Cornell Capital Partners, LP.
e) Issued 5,900,000 shares of Class A common stock with a value of $175,909 for repayment of accrued salaries for two officers of the Company.
f) Issued 1,367,292 shares of Class A common stock with a value of $54,692 for compensation and bonuses to employees of SWK Technologies, Inc.
g) Issued 350,000 shares of Class A common stock with a value of $13,650 for marketing services.
h) Issued 270,270 shares of Class A common stock with a value of $10,000 for a partial repayment of an obligation to a previous officer of iVoice, Inc.
And, lest you forget what this company is all about, let's review the insider sells. You'll see that every few days the company CEO pays himself a few thousand bucks in stock. It's the exact thing that Mahoney did at IVOC. He taught Meller well.
28-Jun-05 MELLER, MARK
Chief Executive Officer 192,500 Direct Sale at $0.0118 per share. $2,271
27-Jun-05 MELLER, MARK
Chief Executive Officer 37,500 Direct Sale at $0.012 per share. $450
14-Jun-05 MELLER, MARK
Chief Executive Officer 100,000 Direct Private Sale at $0.0126 per share. $1,260
13-Jun-05 MELLER, MARK
Chief Executive Officer 170,917 Direct Private Sale at $0.013 per share. $2,221
10-Jun-05 MELLER, MARK
Chief Executive Officer 140,000 Direct Private Sale at $0.013 per share. $1,820
8-Jun-05 MELLER, MARK
Chief Executive Officer 160,138 Direct Private Sale at $0.013 per share. $2,081
7-Jun-05 MELLER, MARK
Chief Executive Officer 300,000 Direct Private Sale at $0.0131 per share. $3,930
3-Jun-05 MELLER, MARK
Chief Executive Officer 75,000 Direct Private Sale at $0.014 per share. $1,050
27-May-05 MELLER, MARK
Chief Executive Officer 27,694 Direct Private Sale at $0.014 per share. $387
26-May-05 MELLER, MARK
Chief Executive Officer 150,000 Direct Private Sale at $0.016 per share. $2,400
13-May-05 MELLER, MARK
Chief Executive Officer 150,000 Direct Private Sale at $0.015 per share. $2,250
25-Apr-05 MAHONEY, JEROME R.
Officer 1,631,396 Direct Planned Sale $32,0001
18-Apr-05 MELLER, MARK
Officer 1,631,396 Direct Planned Sale $32,6281
6-Apr-05 MELLER, MARK
Chief Executive Officer 32,500 Direct Private Sale at $0.0233 per share. $757
5-Apr-05 MELLER, MARK
Chief Executive Officer 42,000 Direct Private Sale at $0.0264 per share. $1,108
16-Mar-05 ROTH, JEFFREY D.
150,000 Direct Planned Sale $9,1251
15-Mar-05 ROTH, JEFFREY D.
Officer 500,000 Direct Planned Sale $17,0001
11-Mar-05 MELLER, MARK
Chief Executive Officer 170,000 Direct Private Sale at $0.031 per share. $5,270
10-Mar-05 MELLER, MARK
Chief Executive Officer 165,000 Direct Private Sale at $0.0333 per share. $5,494
9-Mar-05 MELLER, MARK
Chief Executive Officer 159,428 Direct Private Sale at $0.0358 per share. $5,707
8-Mar-05 MELLER, MARK
Chief Executive Officer 75,000 Direct Private Sale at $0.0393 per share. $2,947
4-Mar-05 MELLER, MARK
Chief Executive Officer 257,500 Direct Private Sale at $0.045 per share. $11,587
3-Mar-05 MELLER, MARK
Chief Executive Officer 185,500 Direct Private Sale at $0.0413 per share. $7,661
2-Mar-05 MELLER, MARK
Chief Executive Officer 68,431 Direct Private Sale at $0.0394 per share. $2,696
25-Feb-05 MELLER, MARK
1,318,330 Direct Planned Sale $46,1431
25-Feb-05 MAHONEY, JEROME R.
Officer 1,318,330 Direct Planned Sale $46,1431
23-Feb-05 MELLER, MARK
Chief Executive Officer 25,000 Direct Private Sale at $0.038 per share. $950
22-Feb-05 MELLER, MARK
Chief Executive Officer 107,250 Direct Private Sale at $0.039 per share. $4,182
17-Feb-05 MELLER, MARK
Chief Executive Officer 191,450 Direct Private Sale at $0.0362 per share. $6,930
15-Feb-05 MELLER, MARK
Chief Executive Officer 40,000 Direct Private Sale at $0.035 per share. $1,400
14-Feb-05 MELLER, MARK
Chief Executive Officer 100,000 Direct Sale at $0.0345 per share. $3,450
11-Feb-05 MELLER, MARK
Chief Executive Officer 181,404 Direct Private Sale at $0.0358 per share. $6,494
10-Feb-05 MELLER, MARK
Chief Executive Officer 300,000 Direct Private Sale at $0.0372 per share. $11,159
8-Feb-05 MELLER, MARK
Chief Executive Officer 150,000 Direct Private Sale at $0.025 per share. $3,750
7-Feb-05 MELLER, MARK
Chief Executive Officer 100,000 Direct Private Sale at $0.025 per share. $2,500
4-Feb-05 MELLER, MARK
Chief Executive Officer 86,500 Direct Private Sale at $0.0275 per share. $2,378
3-Feb-05 MELLER, MARK
Chief Executive Officer 257,500 Direct Private Sale at $0.0262 per share. $6,746
2-Feb-05 MELLER, MARK
Chief Executive Officer 160,234 Direct Private Sale at $0.0243 per share. $3,893
27-Jan-05 MAHONEY, JEROME R.
Officer 1,759,691 Direct Planned Sale $50,0001
24-Jan-05 MELLER, MARK
Officer 1,759,691 Direct Planned Sale $53,0381
27-Dec-04 MAHONEY, JEROME R.
Chief Executive Officer 37,663 Direct Sale at $0.024 - $0.0243 per share. $9092
27-Dec-04 MELLER, MARK
Chief Executive Officer 37,663 Direct Sale at $0.024 - $0.0243 per share. $9092
23-Dec-04 MAHONEY, JEROME R.
Chief Executive Officer 10,345 Direct Sale at $0.0255 per share. $263
23-Dec-04 MELLER, MARK
Chief Executive Officer 10,345 Direct Sale at $0.0255 per share. $263
22-Dec-04 MAHONEY, JEROME R.
Chief Executive Officer 40,376 Direct Sale at $0.0264 per share. $1,065
22-Dec-04 MELLER, MARK
Chief Executive Officer 40,376 Direct Sale at $0.0264 per share. $1,065
20-Dec-04 MAHONEY, JEROME R.
Chief Executive Officer 16,208 Direct Sale at $0.0269 per share. $435
20-Dec-04 MELLER, MARK
Chief Executive Officer 16,208 Direct Sale at $0.0269 per share. $435
17-Dec-04 MAHONEY, JEROME R.
Chief Executive Officer 63,103 Direct Sale at $0.0275 per share. $1,735
17-Dec-04 MELLER, MARK
Chief Executive Officer 63,103 Direct Sale at $0.0275 per share. $1,735
16-Dec-04 MAHONEY, JEROME R.
Chief Executive Officer 57,500 Direct Sale at $0.0282 per share. $1,621
16-Dec-04 MELLER, MARK
Chief Executive Officer 57,500 Direct Sale at $0.0282 per share. $1,621
15-Dec-04 MAHONEY, JEROME R.
Chief Executive Officer 15,000 Direct Sale at $0.0291 per share. $436
15-Dec-04 MELLER, MARK
Chief Executive Officer 15,000 Direct Sale at $0.0291 per share. $436
10-Dec-04 MAHONEY, JEROME R.
Chief Executive Officer 165,988 Direct Sale at $0.0429 per share. $7,120
10-Dec-04 MELLER, MARK
Chief Executive Officer 165,900 Direct Sale at $0.0321 per share. $5,325
9-Dec-04 MAHONEY, JEROME R.
Chief Executive Officer 107,500 Direct Sale at $0.0325 per share. $3,493
9-Dec-04 MELLER, MARK
Chief Executive Officer 107,500 Direct Sale at $0.0325 per share. $3,493
8-Dec-04 MAHONEY, JEROME R.
Chief Executive Officer 50,000 Direct Sale at $0.032 per share. $1,600
8-Dec-04 MELLER, MARK
Chief Executive Officer 50,000 Direct Sale at $0.032 per share. $1,600
7-Dec-04 MAHONEY, JEROME R.
Chief Executive Officer 37,500 Direct Sale at $0.0378 per share. $1,417
7-Dec-04 MELLER, MARK
Chief Executive Officer 37,500 Direct Sale at $0.0378 per share. $1,417
3-Dec-04 MAHONEY, JEROME R.
Chief Executive Officer 42,000 Direct Sale at $0.0387 per share. $1,625
3-Dec-04 MELLER, MARK
Chief Executive Officer 42,000 Direct Sale at $0.0387 per share. $1,625
2-Dec-04 MAHONEY, JEROME R.
Chief Executive Officer 33,496 Direct Sale at $0.0412 per share. $1,380
2-Dec-04 MELLER, MARK
Chief Executive Officer 33,496 Direct Sale at $0.0412 per share. $1,380
1-Dec-04 MAHONEY, JEROME R.
Chief Executive Officer 33,000 Direct Sale at $0.0407 per share. $1,343
1-Dec-04 MELLER, MARK
Chief Executive Officer 33,000 Direct Sale at $0.0407 per share. $1,343
30-Nov-04 MAHONEY, JEROME R.
Chief Executive Officer 80,000 Direct Sale at $0.0414 per share. $3,312
30-Nov-04 MELLER, MARK
Chief Executive Officer 80,000 Direct Sale at $0.0413 per share. $3,304
29-Nov-04 MAHONEY, JEROME R.
Chief Executive Officer 37,500 Direct Sale at $0.0437 per share. $1,638
29-Nov-04 MELLER, MARK
Chief Executive Officer 37,500 Direct Sale at $0.0436 per share. $1,635
26-Nov-04 MAHONEY, JEROME R.
Chief Executive Officer 12,500 Direct Sale at $0.0427 per share. $533
26-Nov-04 MELLER, MARK
Chief Executive Officer 12,500 Direct Sale at $0.0427 per share. $533
24-Nov-04 MAHONEY, JEROME R.
Chief Executive Officer 51,800 Direct Sale at $0.0417 per share. $2,160
24-Nov-04 MELLER, MARK
Chief Executive Officer 51,800 Direct Sale at $0.0417 per share. $2,160
23-Nov-04 MAHONEY, JEROME R.
Chief Executive Officer 77,500 Direct Sale at $0.0442 per share. $3,425
23-Nov-04 MELLER, MARK
Chief Executive Officer 77,500 Direct Sale at $0.0442 per share. $3,425
22-Nov-04 MAHONEY, JEROME R.
Chief Executive Officer 100,000 Direct Sale at $0.0429 per share. $4,290
22-Nov-04 MELLER, MARK
Chief Executive Officer 300,000 Direct Sale at $0.0429 per share. $12,870
29-Oct-04 MAHONEY, JEROME R.
Director 1,200,000 Direct Planned Sale $72,0001
28-Oct-04 MELLER, MARK
Director 1,200,000 Direct Planned Sale $72,0001
Now what part of DILUTION do you not understand???
AI
