Before you say someone's explanation doesn't make sense you should be sure yours does. The 25MM shares were booked in the Annual Report and the January 2010 warrant excercise was updated in the Q1, thus the share amounts are in addition to each and add up to almost exactly 42MM. Yuan may not have received the shares yet, but they have been booked and included in the total OS.
Wrong again. The entire transaction has been booked and the A/S did not have to be raised. The rediculous theory about needing to raise the A/S for the Yuan settlement has already has been debunked ad nauseam.
You did say it! I'm not putting words in your mouth. Now, look at the float and add it to the restricted shares. There are not 42 million shares hanging out in the O/S for MDGC to give to Yuan. The settlement agreement is done but Yuan hadn't received the shares yet. You can't make up stories, look at the facts. IMO, it is a big deal b/c there are no more shares in the A/S to release to Yuan a/o 3/31/12.
As of March 31, 2012, there are: • 1,500,000,000 shares of the Company's $.001 Par Value Common Stock authorized • 1,497,259,343 shares of the Company's $.001 Par Value Common Stock issued and outstanding • 1,142,569,673 Unrestricted/ Float shares of the Company's $.001 Par Value Common Stock • 354,689,670 Restricted shares of the Company's $.001 Par Value Common Stock
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