Check out the latest diloution!
From their last 10Q:
Stockholders’ Equity
Common stock, par value $001 per share, authorized 200,000,000
Issued and outstanding 150,130,398 and 114,562,000 shares at March 31, 2010 and June 30, 2009, respectively
From their 13D issued 7/13/2010:
Item 4 is hereby amended and restated as follows:
Pursuant to a Stock Distribution and Release Agreement, dated as of June 30, 2010, by and among Imedicor, Inc. (formerly known as
Vemics, Inc., the “Company”) and the former members of Ravine Valley, the Company issued 10,000,000 shares of the Company’s common
stock to the former members of Ravine Valley, whose subscription agreement dated July 29, 2008 contained certain anti-dilution provisions.The 10,000,000 shares were issued as a settlement of a dispute with regard to anti-dilution provisions contained in the original subscription
agreement. As part of the settlement, JHD received 5,312,500 shares of common stock of the Company. JHD has no current plan or proposal
with respect to the Company that relates to or would result in any transaction or matter listed in Item 4 of Schedule 13D of the Securities and
Exchange Commission.
Item 5. Interest in Securities of the Issuer
Item 5 is hereby amended and restated as follows:
(a) After the consummation of the transactions contemplated by the Stock Distribution and Release Agreement discussed in Item 4 above, JHD
will beneficially and of record own an aggregate of 11,562,500 shares of common stock of the Company and a warrant for 2,125,000 shares,
which represents approximately 5.7% of the total number of 237,285,713 shares of common stock of the Company issued and outstandingpursuant to the Company’s current records as of the date of the Stock Distribution and Release Agreement plus the number of shares subject to warrants held by JHD.
So in the last four months they have issued 87MM shares, mainly because of the anti-dilution clause. Anyone know what the current A/S is?
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