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TheStock411

03/14/11 3:30 PM

#23367 RE: mulder35 #23365

They did announce the RS ..today .. Finra posted it in their files a day ahead of time..I would have liked to have seen the PR first before the Finra update too but that is not really a red flag for me..neither is the AS ..they can move it to 50mil over night and move it back to 1 billion the next night just as easy ..what is key here is the TA is not gagged and i can call to monitor the dilution ..if i pick up on any large movements there without seeing any disclosures or fundamentals first then i will start waiving the red flag too
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TheStock411

03/14/11 3:38 PM

#23369 RE: mulder35 #23365

Also, according to the TA half the OS is restricted ..so that is about 2.5 mil that is not restricted and this includes any share holders out there , ex-ceos, past insiders, etc.. any new shares issued will be restricted for a year ..you cant just issue free trade shares ..that is a pennystock trader myth
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cibcop

03/14/11 3:54 PM

#23373 RE: mulder35 #23365

I concur. It's the name of the game down here in penny land.