Replies to post #4830 on Patriot Energy Corporation (PGYC)

[ADVFN_karizmat]

0.42$ for 200 million shares . So as i understand it the current AS increase will do for four years .... in that time additional 800 mill will come out, based on current 200 million OS

1)
The authorized capital of the company was increase to 1 billion shares from its original 200 million to allow the issuance of the special royalty shares as well as an issuance to the inventor and key management in lieu of a cash payment

2)
The current issuance of shares are being done under rule 144 and are therefore restricted from resale and are included in the all cash purchase offer and therefore will not affect the price of the offer.