Tuesday, March 11, 2014 9:06:28 AM
Put simply, they were sold onto the common market but were originally sold at 0.0001 to accredited investors caused it.
The dilution from those first 10 billion started when the price of AEGY per share was between 0.0055 and 0.0039, which gives you have an idea of just how far those 10 billion shares have tanked the pps.
Explanation:
We know the dilution started then since the CEO updated the float on 2/10/2014 to put it at only 4 billion, but then recently released a PR saying 10 billion had been sold in the first 2 months of 2014. Which shows it started on or just after 2/10/2014 when the price was 0.0055. Furthermore, we also see the average volume per day shot up from less than 100 million a day before 2/10/2014 to all of a suddenly being 500 million + a day then over a billion a day, which further verifies the start date of these 10 billion shares being offloaded.
PR source: http://ih.advfn.com/p.php?pid=nmona&article=61291392
Data source(see volume/pps on chart, click company info to see float): http://www.otcmarkets.com/stock/STBV/chart
This stock is, unfortunately, going to stay in the 0.0001-0.0002 range for a while after they finish walking it down.
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