Jon Pro
I read the 200 million shares as additonal to the 450 million and I read the equipment shares as additional to both of them and this fits fairly well with an 800 million share increase during the period in question.
If you look at prices 3 weeks prior to Dec 1 you can find .0012 but you can also find .0004 near there as well and in the wording of the letter it does not say 3 weeks, it says 3 weeks "or so" - so the maximum cost basis for these was .006 but the minimum is frighteningly lower at .002. The "or so" gives lots of wiggle room to find the lowest price and then choose it as the settle price for these - it puts the maximum number of shares into the hands of the people that EESO wants to move them to. (Now if you had 450 million shares at a cost of 0.002 per share, would you sell into every PR and everything else that is coming out of head office - especially knowing that the company is out of shares to print and based on most recent financials is also nearly out of cash to pay bills?)
As for restrictions, I do not think SEC restricts for 12 months if they are shares paid for services etc.
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