InvestorsHub Logo
Followers 9
Posts 355
Boards Moderated 0
Alias Born 12/11/2010

Re: rocky301 post# 36823

Monday, 01/02/2012 3:11:38 PM

Monday, January 02, 2012 3:11:38 PM

Post# of 92948
Hey Rocky/elllk. Maybe what I recall is what people were speculating at the time. At some point it was also mentioned that they were paying some sort of share penalty for not issuing shares to someone on time? So much misinformation is thrown around these boards all the time it's hard to keep it all straight, especially if like me, you don't read the board every day and where there have been periods of a week or more that I haven't even looked at it. I go by the numbers released in the PR's and the SEC filings, though I know that in reading Rocky's posts in the past, those #'s may not be truly reflective, basically due to the mess the company recently got itself into that has made this more confusing than it ever should've been in the first place.

All I know is that the 8k filed says that they're issuing 240.5 million shares in conjunction with the global settlement. The number from the post Ison referenced was 50 million higher than what the PR and the 8k said. I guess the obvious question is where are the other 50 million shares coming from and to whom are they being issued?

In the future, I would simply recommend that any questions on the share structure be referred to Rocky (especially when in regard to posts he made), or simply visit his forum on iCell. I don't even pretend to have the understanding that he does, so it's best to just go to the source.

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.