lets all slow down we can wait until it hits below $3 dollars or even when it goes right back to anti reverse split price because thats break even for Michael and his band of crooks. . Again this is right from the latest 10q/a
admitting that issued and protected over 90 million shares
The Company has issued shares to new investors since January 2, 2011, that have an anti-reverse common stock split clause if the Company reverse splits the common stock. The reverse split of common stock is determined by management but must be approved by Financial Industry Regulation Authority (“FINRA”). The current investors holding anti-reverse split stock will have the right to hold the same number of shares of common stock as status quo after the reverse split. The anti-reverse split common stock protection is only for stock subject to reverse split and once the Company declares a reverse split and it is completed, the anti-reverse split protection will be terminated and shareholders that received anti-reverse split stock will be held with regular stockholders as the Company proceeds forward. In accordance with the anti-reverse split provision, no further shares will be issued to the anti-reverse split shareholders once the reverse split is approved and completed. The Company has issued 90,029,843 anti-reverse split shares and these holders will hold the same number of shares after the reverse split has been completed. The company submitted a new application to FINRA for a 100:1 reverse stock split on January 15, 2015. Had the Company completed the reverse stock split by December 31, 2014, the price of the Company stock would have been $1.38, and 89,129,544 additional shares would have been issued at a total of $122,998,771.
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