Sorry ... the filings on Pinksheets show that the Outstanding shares increased by 1.06 BILLION shares in the three months ended March 31, 2009. See the filings below (c/w links) proving the increase in O/S of 1.06 Billion shares.
Please post a link to your claim that there is NO dilution. jmo
The cover sheet of the referenced filing at March 31, 2009: ENCORE ENERGY SYSTEMS, INC. Nevada 87-0449399 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) Class Outstanding at March 31, 2009 Common stock, $0.0001 par value 2,770,213,070
Now compare that to the same cover sheet for Dec. 31, 2008: http://www.pinksheets.com/otciq/ajax/showFinancialReportById.pdf?id=20637 ENCORE ENERGY SYSTEMS, INC. Nevada 87-0449399 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) 1739 University Ave #339 Oxford, MS 38655 (Address of principal executive offices) Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date. Class Outstanding at December 31, 2008 Common stock, $0.0001 par value 1,710,213,070