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Thursday, August 09, 2012 7:26:08 PM
When I say that I always point out it's split adjusted. Had they not done a 1000:1 reverse split in October of 2010, the O/S would be 2.4 trillion shares. I get that companies have to pay debt and raise money, etc, but it went from 5.4B in 4/2009 to 12.7B in 5/2010, knocked down to 12.7M in 10/2010 and subsequently jacked up to 2.4B again in only a year and half.
And now they need a $4M line of credit because they stopped selling shares for money.
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