wrong...not 100mil...ask Mike and you will find that he is up to no good. Just try and ask direct questions like. 1) why are insiders not buying if its a great deal and worth .20 2) why do insiders not own any shares 3) after all the R/S how much did they raise from selling shares and how much do they have in assets. 4) ask why they would do a R/S when it would cost less than 130K dollars at .0001 to buy the remaining 1.3billion shares and only leave 1 million in the OS. Just think about it...retire the entire AS except for 1 million shares and PR that....what would the PPS do then. 5) Ask why he is doing all this if insiders own zero shares 6) Ask what % of the company he will own after the merger. 7) Ask why he doesn't care two cents about the shareholders and uses hard earned money like it grows on trees. 8) ask if he plans to ever make money.
Ok now email and see what kind of reply you get. I would really like others to see what he says.
100mil OS plus restricted shares will be issued for the $6million dollars.
so if the price stays the same and he does one more 200 for 1 R/S the PPS might be around .0001 times 200 = .02
6mil dollars divided by .02 is about 300 million restricted shares added
and the OS will be 400mil with Mike dumping big time for 9 billion more shares.
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