Yep and when I purchased PIPE shares at $.80 I was told and have documentation from John stating 70,000,000 authorized and will never exceed that amount.
What a crock that was.
P2O's first Q filed .. May 2009 ..
Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date.
Class
Outstanding at May 20, 2009
Common stock, $0.001 par value
63,700,000