Yepp and that's why they cancelled the payment in shares to the CEO according to the filing so they could use that for additional financing. But I also remember reading something in the filing about a commitment to find other forms of financing rather than diluting the shareholders. Through venture capitalists and Joint Venture strategic partnerships.
But they did not specifically state that they are going to issue more shares anytime soon. do you know the current share structure as of today? OTC Markets has the A/S as of Feb 24,2014 at 5 Billion. I'm hoping it stayed this way. Also the float and the O/S have a very wide spread so that leads me to speculate that another reason for the big bids and asks is that warrants are being converted into common shares to be sold on the open market at a discount so no matter where they sell it they make a nice profit. Over 3.5 Billion shares could potentially come to the float and in my opinion that is what we have been seeing these past few months. Once the float is locked and the A/S is maxed this can move.
So do you know if the share structure has changed? I didn't see anything in the filing stating a change in 5 billion shares A/S
It does say that, as per March 31, but then has a subsequent events section right after..... we will see...but I don't think they want to dilute much more if they can help it. IMHO
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