EyeMinute makes a valid point and its been something I've been saying as well. The danger here is the inevitable reverse split. I think we can all agree that a merger is more than likely based on the DD of the board. But look at the numbers last seen:
Shares Outstanding 803,075,764 a/o Nov 24, 2010
Float 245,800,000 a/o Sep 10, 2009
The float is 30% of the company.
You have to ask yourself this... (for example) If you were going to buy a shell and put a solid company into it, Why would you automatically give away 30% of the company? Would't you (for a few thousand dollars worth of legal costs), reverse split the stock like 1 for 1,000? Your new numbers would be 800,000 shares outstanding 245,000 in the float, and your stock price would now be $3.00.
Than... You issue 10 million shares to new management and your numbers are: 10,800,000 shares out and 245,000 in the float.
Further, you issue say 2.25 million share to raise about $5 million and your structure percentage wise is about the same. Except you took the value of the float out of the public (our) hands and put it into the company.
Unless Robin Hood is the CEO, this is more than likely the scenario.
Look people, I'm a holder like the rest of you, but EyeMinute is 100% correct about many things like: the Reverse Split and the fact that the original supporters of this board are long gone.
Now you can bash me, call me names, whatever. The fact is that I am a holder and I would love to see a "Robin Hood" type RTO but I have not seen one in my 20 years + in the business. This would be a first.
Best of luck everybody!
News 
Market Data 
Discover 
