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Monday, August 06, 2012 3:59:18 PM
The absolute death blow came when the CEO issued himself 500,000,000 New Common Shares and another 25,000,000 New Common Shares to an unnamed party for consulting services. I am still trying to understand how he could legally issue himself $150 million dollars of stock for "loans from himself" over the past two years that totaled only $1,141,404. The share price decline from 30 cents was merely some of these new shares being put into circulation. The "savvy" traders waited to see if the dilution would breach the .0010 Psychological Resistance. When they saw resistance holding above .001 they "brought in" driving the price to .0034 then bailed with their profits. I absolutely have no trust whatsoever in this company, and would personally never invest here under any circumstances. Don't listen to me though, because I know nothing.
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