AI
Friday, January 11, 2013 1:36:21 PM
I wasn't talking about a year ago per se. They have been diluting the A/S for more than a year. The most recent dilution is to Ironridge, which is free-trading shares with a monthly tranche for continued funding. IR can't own more than 9.9% of the O/S, per the filing, so the first dilution was for 143.5M shares, which was under the limit. Each month, according to Tom, RFMK will receive $50K, which means that IRG has to continue to sell shares into the market in order to pay the monthly money for additional shares.
Am I right or am I wrong?
Am I right or am I wrong?
The OTC market is full of hustlers and shysters. Most investors/traders lose their butts in this swamp.
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