PCFG: I spoke with Mitch Geisler late this afternoon - just back to my puter. I was interested to know, for comfort sake, about the nature of insider's shares - was told all were 144 shares and subject to a Form 4 filing. So that rules out unidentified selling by insiders - good to know.
He surmised that the float was in the range of 330-350M, approximately half the OS. fine. That squares with what we previously had been told.
Regarding the (outsized in my opinion) authorized which is 5B. He defended it by saying that contrary to what many believe that it would be an expense (unnecessary in his opinion) to the company and would require a shareholder meeting. As an "investor" in pink sheet stocks, I told him I want to avoid the company that endlessly prints shares and am only after ascertaining a company's credibility factor and transparency. His reply was that if I looked to the company's past filings, that they have been nothing but responsible and efficient in the manner they have raised financing in the past and that I should look for that continued pattern in the future.
They are on track to move on an uplist to fully reporting otcbb and that today's 8-k points to that progression.
Regarding the website - they are on it and it will be updated soon, however, they are putting all effort, currently, into the production test.
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