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Re: ID Supermoney post# 39460

Wednesday, 04/03/2013 8:22:19 AM

Wednesday, April 03, 2013 8:22:19 AM

Post# of 92241
Yes. To the best of my knowledge, a pink sheet or OTC stock can dump shares on the market market any time to raise money without announcing it in advance. However, if it's SEC compliant it has to include the total dollar value it raised in the following lines in its 10Q or 10K on its balance sheet:

Paid in capital...
Additional paid in capital...

Look at MSLP as an example. In their recent 10K they filed:

Additional paid in capital...$54,817,341

The amount that they had publicly announced to raise throughout 2012 was no where near $54.8 million.

However, I don't think DROP has been diluting behind our back so far.