in 10 months frdm has issued over 25m shares. shareholders lose.
As of March 31, 2010 the Company authorized 100,000,000 shares of common stock, at $.001 par value and 26,522,040 are issued and outstanding. The authorized 75,000,000 shares of preferred stock, at $.001 par value and none are issued and outstanding as of March 31, 2010.
On September 23, 2009, the Company entered into a 1:50 reverse stock split. As of September 23, 2009 the Company had 1,121,969 common shared issued and outstanding after the completion of the reverse stock split.