finally read the most recent 10-q which gives the numbers up until 6/30.
The 100,000,000 shares were issued to PXS.
approx 47,00,000 shares were issued to settle prior debt.
No mention any more of working to acquire RAI (as far as I could see...might have missed somethign)
i have to imagine that since those numbers, a lot more of the prior debt has been cleaned up.