ALERT: OUTSTANDING SHARES UNDERSTATED
PRICE COULD GET CUT IN HALF NEXT WEEK!!
Reality is they intend to issue shares up to a value of 75 million.
Reality is they have gone over the 350 million cap.......
Reality is on Monday they should show the new number of outstanding shares which will depress the stock price. IMHO
MOnday : 736 million shares = .21 share price IMHO
"We have the authority to issue up to 350,000,000 shares of our Common Stock. As of April 7, 2016, there were 349,739,408 shares of our Common Stock issued and outstanding. We are obligated to issue up to an additional 386,971,104 shares of our Common Stock to contemplate the conversion or exercise of all of our currently outstanding Preferred Stock, warrants, options, and convertible debt; however, as of April 7, 2016 we had an insufficient number of authorized shares of our Common Stock to satisfy such obligations."
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