Fasctrack.....I just called, the actual Restricted Share Count is up to 9,572,500. I checked that because I noticed that the last time shares were issued for services, they were restricted.
"During the three months ended December 31, 2007, the Company issued 750,000 shares of common stock in lieu of payment for marketing expenses. The shares issued were subject to Rule 144 and carry a one year hold restriction. Total value of services rendered is $13,500."
And although I had been expecting a notice from the company that there would be some kind of request for a share adjustment, still none is forthcoming even though shares have virtually run out.
All of this, i.e. issuing new shares while they have $$$ in the bank....and including the information that you present.... suggests to me that they have something else up their sleeve in terms of future financing.
It doesn't make sense to me that they would wait until the shares had run out before making a request to the shareholders for a share adjustment, while having no other alternative in place.
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