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News Focus
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nmbr1stckpckr

05/24/10 8:26 PM

#4371 RE: barsell #4370

I've considered this and I am not bothered by how big the OS is. I am bothered by why the CEO has to keep giving shares away (not including the preferreds that are being converted) so cheaply.

The Company issued 35,050,005 shares of common stock to investors for $1,087,000 (~$0.03 per share)

The Company issued 29,150,000 shares common stock for services and recorded consulting fee expense of $3,963,500 for the issuance of these shares (~$0.136 per share)

OK, so the 2nd one is not so bad. Both of these happened between April and May 20 so what was the difference?

My opinion of the CEO is that he does not have the interest of common shareholders in his heart. I sure would like to know who these investors are that got dirt cheap shares and what their relationship is to the company and/or CEO.

That being said, unless there is outright fraud in the reported increase in revs and orders, I am still here.
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lmfao1234

05/24/10 8:47 PM

#4372 RE: barsell #4370

Exactly, this imo is a long term hold. Its an actual investment in my opinion. First things first though, that partnership needs to be announced and then that will bring in the big dogs will huge wallets. We at least know they have a product that can for sure control the market. The problem right now is exposure which is why the partnership is so important. Dilution will occur, there is no doubt in my mind about that so if that bothers anyone on this board then this may not be the stock for you after the partnership is announced. I anticipate this getting to at least a billion outstanding by December since all of those warrants expire by then. However, after that and god willing we get the partnership news we are hoping for, this will continue to grow over time. Having a titan company help you sell your product is exactly what you need to become huge.