Friday, January 06, 2012 11:01:56 AM
Yes, in the past they had been very responsible with adding shares to the OS, however the stock was pretty consistently trading in the 1.5c +/- range. It is now trading @ 1/10th of that.
Previously, they could pay service providers, funders, etc with shares, now that might be quite a bit tougher, less folks willing to take shares at this value and even less with restrictions. They don't want to get caught holding the bag....as all of the note holders already are.
Previously $100k equated to 10m shares, that kept the dilution minimal, now $100k equates to 100m, that changes everything....imo.
I would keep watch on the Florida SOS site for an "Amendment". AS is currently 500M, if they raise it.....
Dollar wise at current prices, 10m shares yesterday isn't that much $$'s, but there should not be 10m shares readily available to be sold either.
You can be excited you got 4.5m shares...but yet something to ponder as well.... how you got them (on the bid) / where they came from
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