“At June 30, 2005, investors in our common stock hold approximately 80 million shares of the outstanding common stock. If we were to file a registration statement including all of these shares, these shares would be freely tradeable upon the effectiveness of the planned registration statement. If investors holding a significant number of freely tradeable shares decide to sell them in a short period of time following the effectiveness of a registration statement, such sales could contribute to a significant downward pressure on the price of our stock.”
What is bizarre is that my order for 2,500 shares at .75 partially filled (2,300) yesterday but the remaining 200 shares sat all day long today and never filled even though other orders to buy cheaper did.
When we get out of this I intend to write a strongly worded letter to the SEC.