Pinksheets reflect the O/S as 111,851,281 as of Jun 15, 2010 however we saw the financials released just 2 weeks later and the newly self admitted O/S as 121,051,281. That's a difference of nearly 10M shares. Why increase the outstanding shares nearly 10M just before the PR campaign and the supposed launch? Looks like a strategic pump and dump orchestrated by the company and its IR guy.
I'm looking forward to seeing what the new self admitted O/S will be when they release the 3rd quarter financials. Care to take a guess? I would not be surprised to see the new O/S up to 130M. But, I'm sure the share price has only dropped because of 'shorting' and has nothing to do with the dilution or the failed launch and deteriorating shareholder sentiment.
Pinksheets 'Current Information'? Please! Gagged TA, unaudited financials and who really knows what's going on behind the scenes with the casino and online gaming product.
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