State the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date: 120,709,400 as of February 14, 2014. Handing shares out like candy on Halloween. <br /> <br /> If they need to raise 8-10M. That's going to be a lot of shares if they do it this way. Just doesn't state if the shares getting distributed now need to be held for a certain amount of time or they can be sold immediately.