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kd1911

05/18/15 12:08 PM

#9362 RE: xlr-v #9355

According to their 10k as of May 13, 2015, they have over 1.5 billion shares outstanding now. After that reverse split last July they had less than 30,000 outstanding. They're involved with financiers who give them money in exchange for shares. Some call this toxic financing. They have also entered into settlement agreements where they have to fork over shares at a discount each month. I don't know how long these things will be going on, but my bet is the next reverse comes soon and it's for a whole lot more than 20,000 for one share and they will dilute like crazy after the next reverse split too.