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Wednesday, July 25, 2012 12:00:21 PM
O/S shares = 107.4 million
Outstanding convertible debt potential and other obligations:
$230k due at end of 2012 = about 53 million shares
$41k to MMRI convertible to preferred stock
$500k note to 10 investors - currently in default
$23k remaining on Dec. 2011 convertible note
$169k remaining on Oct-Mar convertible notes
$54.5 remaining on Mar 2012 convertible note
$245k remaining on Jan convertible note
$22k to Neurotrophics
$150k to Dr. Herschkowitz
500k stock options (fully vested) issued in November to a consultant
Pending lawsuit for Peter Freeman for financial overhang on convertible debt
10.7 million share stock option plan
I suppose you are correct, issuing several more tens of millions of shares to the already overbloated O/S is just background noise as one more to add to the stack....
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