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Re: None

Sunday, 04/21/2013 8:55:53 AM

Sunday, April 21, 2013 8:55:53 AM

Post# of 41521
Just about all pinkies issue shares from time to time. According to the disclosure statements outstanding shares increased roughly 55 million shares from 9/12 to 12/12. I used a factor of .003 to convert to dollars. That converts to about $55,000 a month. The company uses that money to develop the business. That's not what I call excessive use of funds that some here are claiming.

The CEO has said the company hasn't diluted at all in 2013.



Here's the difference in the share structure from PE 9/12 and 12/12

December 31, 2012
Number of Shares Authorized 1,500,000,000
Shares Issued and Outstanding 182,082,125
Freely Tradable Shares 132,468,544


September 30, 2012
Number of Shares Authorized 1,500,000,000
Shares Issued and Outstanding 127,391,802
Freely Tradable Shares 77,753,283


Difference around 55 million shares

I'll use a factor of .003
55,000,000 x .003 = $165,000 \3 mos = $55,000