hmmm, so what you're saying is, if an OTCBB company had to increase their authorized shares to 2 billion, it's a given the pps would eventually drop to trip zero's.. (inside joke, lol)
Cargo hauler - It says "Based on the September 30, 2008 market price of the Company’s common stock shares". The stock price was .01. SOLM still has 200M shares available for redemption.
Good news could still allow for the redemption of all debt by the 24th if the price were to rise between now and then. Also some of the conversion has taken place at prices higher than .01 since SOLM has moved a few times over .01 on heavy volume.
It does make the litigation much more important than I first thought.