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develo

08/19/08 8:18 PM

#10451 RE: Pedro2004 #10438

I believe the price range for Q2 was around .001 or .002 per share. Lets say it was .001 for arguments sake (because i don't remember where it was through out that period of time). That only comes to $500,000 dollars in Q2 for all 500million shares right? And 1 million dollars if .002, so how much debt could that pay off considering that other things must be paid for.

On the flip side the spike up to .07 occurred between June 15-30th so I guess it depends on who got the shares and at what price. It would make sense that there should be alot of potential debt repayment if it were in the .02 - .03 range.

I'm not saying yay or nay to this, but it would be nice to see a play-by-play as it unfolded. I mean, at first glance, it appears to be only a bit more debt than previously, so perhaps the amount of cost added to the debt that was paid off by the shares? Just a thought, i'm not psychic or anything.