shows a rather large increase in float from 169 million in Q3 2009 to 221 million in Q3 2010. In fact that's an average, and the actual float at September 2010 was 229 million. That's dilution of around 35%, which is pretty (un)impressive.
Was any of that increase in float used to pay suppliers abnd consultants?
The last 10K,, the document were such transactions have to be disclosed, for 2009 carried the following words:
"Stock-based expense included in the 2009 net loss consisted of ...... compensatory warrants, options and stock for professional consulting services and compensation."
We won't know until the 10K for 2010 whether they continued the habit of paying consultants and others stock, warrants and options, but it's a fair bet - they have done every other year they've been in existence.
What exactly are you asking? I'm still not clear on that?
And I understand what you're saying about paying corporate expenses, but we have also issued options/shares to ppl like Dr. Abitar (sp?) for instance. I'm wondering why this company is sitting on several million dollars.
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