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lifegear

11/07/07 9:22 PM

#957 RE: je8674 #956

no increase in authorized so far per nv sos
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markrhead

11/08/07 4:52 AM

#958 RE: je8674 #956

yes a private placement increases the outstanding shares, but the authorized cannot be raised unless voted on by the board and shareholders
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gryfus

11/08/07 5:26 AM

#959 RE: je8674 #956

No, they cannot get al they want for a penny a share on the open market.

With just a thousand bucks of buys they would have to pay at least 2 cents a share, and with an hundred thousands they may finish to pay much, much more.