Look at the trading yesterday. They ran it to .0175 annd now it has walked all the way back down. Fluff PR and some more dumping. I read on another board that the company did not have enough A/S to cover the conversion requests.
End of note 9 on the 10Q
"On June 30, 2007, the Company had 975,000,000 common shares authorized, of which 732,704,185 shares were issued and outstanding. As of June 30, 2007, the number of common shares of the Company that could be issued upon conversion of all outstanding convertible notes EXCEEDED the REMAINING 242,000,000 authorized BY approximately 186,600,000 common shares, leaving the Company with INSUFFICIENT authorized common stock to honor all POSSIBLE conversion requests."
That proves more dilution is coming!
GLTY
Binzur
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