I did some fresh math on the screwing we are getting here.
200:1 R/S
after which there were only 1 million issued OS shares trading at $1 to $4/share, now its at a dime thanks to the gifts to ICLD A La Munro.
Now they are about print 1 billion shares in an obvious looking Wavetech Global scam that crosses international boarders and the Atlantic(?)
1000 Million = Billion new shares, 1 Million old ones
so that is a 1000:1 hair cut (might as well treat it as a disguised R/S)
plus a 65:1 R/S right after
65 x 1000 X 200 = 13,000,000:1 R/S in 5 months folks.
There is an SEC reward for supplying information that leads to catching criminal stock activity and the folks behind it like this one. $$$$$$
If Wavetech was not a scam they would have proved the value in audited financials proving it is worth 110 Million dollars by showing us the revenue and profits.
I have seen way better scams than this and they all ended the same way. Enron, Bernie Madoff....even some 2008 banks like Lehmans Brothers..., Poof gone over night.