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Re: power_forward post# 92553

Sunday, 02/05/2006 11:15:50 AM

Sunday, February 05, 2006 11:15:50 AM

Post# of 286614
power_forward72: How can you assume that they diluted the stock with another 700M shares in January? One cannot make that assumption. They had $6M in cash at the end of December. Why would they have diluted by another 700M shares in January?? Also, it is false that 700 million shares were dumped every month the last 3 months. It was 2.1 billion for 3 months, but that doesn't mean they diluted with 700 million each month!
Until we get another report that they diluted more, the "current" (as of last filing) outstanding shares is 3.3 billion.
Mike
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