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sinbad123

05/17/11 7:10 PM

#4370 RE: jaybot #4369

Well, I could be wrong but it looks like revenue is up, liabilities are down and losses are cut almost in half. Elasco must be starting to ramp up a bit. If Blu-Vue rolls out the new rebreather this summer than this is going to fly.
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PoorBoy2

05/18/11 4:47 PM

#4382 RE: jaybot #4369

I noticed the following statement in the 10Q:
In November the Company issued 80,000,000 shares of its common stock valued at $60,000
to Elasco's president, $10,000 was recorded as a bonus and $50,000 is prepaid salary to be
expensed over six months beginning mid November 2010.

The 6 months would be up mid May. Are they going to (did they) do this again and how would this 'dilution' affect anything?