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bogey1

03/02/15 10:46 AM

#2719 RE: esi23 #2718

Dilution from S-1 and annual reports:
Outstanding shares - not including options and warrants:
Dec 31, 2011 49 million
Dec 31, 2012 61 million
Dec 31, 2013 107 million
Dec 31, 2014 278 million

Share prices:
Jan 3, 2011 0.38
Jan 2, 2012 0.20
Jan 1, 2013 0.10
Jan 1, 2014 0.03
Jan 1, 2015 0.002

So, as you can see, the lion's share of the shares have been brought to the market in 2014, where the stock started at .03 and ended up at .002.

Not trying to kill a good buz, but these are the facts.
The selling pressure will be huge as the stock tries to rise through 3 cents, as that will make 75% of the shares in the black and those owners will be taking profits.

Still can happen, just won't be easy.