MCET Info to know
Shares owned:
Mercator Momentum Fund III (3) 36,294,737
La Jolla Cove Investors, Inc. (4) 349,873,104
W. Gerald Newmin (5) 15,086,307
Thomas A. Page (6) 10,317,482
Stephen Chang, Ph.D. (7) 9,258,812
Edward Sigmond (8) 9,151,378
Grant Miller (9) 4,150,000
All executive officers and directors as a group
(five persons) 47,963,979
3,152,360,170 shares of our common stock and 3,448 shares of our Series B preferred stock outstanding on February 21, 2014
HOLY Fing SHIT
During the period from December 1, 2013 through February 21, 2014, LJCI has converted an additional $2,070 of the Debentures into 541,359,667 shares of our common stock
and More ouch...
LJCI Debenture 10,341,510,163 6,997,683,621
"What they can possibly dilute too"
So is it possible that they threw it all for MASSIVE profit? and if so Do they NOT have to report it because they are not a 10% holder? Horrible financing idea :(
