Friday, March 29, 2013 10:20:30 AM
The last two days I sat back and giggled while some were calling for $0.05. Now, they're still doing the same thing with a 20%+ increase in O/S around the corner.
The last known O/S was 673,586,780 and according to you some note holders have converted.
The expected shares still to hit the market are
(673,586,780 + converted shares) x .2 = 134,717,356 million + unknown number of converted shares.
If what you're saying is correct, we still don't know how many shares were converted. Because they converted before April 2nd (the deadline for the 20% stock dividend) their shares are entitled to the 20% stock dividend also. Unless there are restrictions in place we're not aware of.
Again, dust hasn't settled yet, IMO.
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