The 3,700,000 stock subscriptions is dilutive financing and this dollar value accounts for 3,400,000 shares of stock GGI is too purchase at 1.09 per share....I don't need to go back into any filing, it is stated very clearly in the Q2 filing!
As posted previously!
The Q2 SEC Filing written by GZFX states VERY CLEARLY....DIRECT QUOTE....
"We currently have $3,700,000 in stock subscriptions
receivable that we believe we will be able to collect in the next nine months."
Read on a little further in the Q2 Filing....
"We filed a registration statement under Form SB-2/A during 2005 related to exercisable warrants being registered in behalf of Golden Gate Investors, Inc. to purchase 15,000,000 shares of our common stock at $1.09 per share which approximately 3,400,000 shares still remain as of June 30, 2006 providing future funding of approximately $3,700,000."
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