Saw numbers a couple weeks ago from SMF and it was over 76M shares. By now it's over 100M. IT may be WELL over that, maybe double! Look, they traded over 72M shares the other day - in 1 stinking day!
That's 50B shares when you apply the pre-RS 500:1 split! or 5 times the OS when the RS was made! (At RS there was about 10B OS, or 20M post-RS).
Do the math. They spend about 330K/month (that may be less now, so let's use 250K for a fair number as they laid off many. And we'll even say it includes the 15K IRS payment!... at .0010, that's 25M/month, but you have to double that because of the toxic discount, so that's 50M. And don't forget that they're paying now for what they did 6 months ago, not current bills, plus they're carrying MILLIONS in unpaid debt, so my figures are quite conservative.
And that's just to pay the grables to breath and keep the lights on. There's no future hope of anything at this time.
