RichAndPoor,
If you read the Attorney Letter with Respect to Current Information issued June 21, 2011, in the fourth paragraph from the end, beginning with the words, "The Issuer's transfer agent....," you will clearly see that the attorney verified the outstanding shares as of three days ago.
This number has not changed since December 31, 2009. If you read the disclosures in greater detail, no common shares have been issued in the last two years, at least, not before June 21, 2011. Even if the Company had gone on an issuance binge in the last two days, there is simply no realistic way I can see for any of those theoretical new shares to have been deposited and made able to trade today.
The selling volume must therefore, IMHO, be shorting market makers and/or legitimate shareholders within the 383,691,298 float, selling their stock. On the other hand, since this stock traded at .0005 within the last few months, selling stock bought at .0005 for .0027 would be somewhat understandable.
That said, a lot of stock has been bought recently between .001 to .0032 (more and more above .002) and the floor may be resetting somewhat. This stock has traded almost 136M shares since May 11, 2011 and it keeps going up. One third of the float, bought and sold and still moving up. 56 M more and half the float will have changed hands at higher prices.
Think about it.
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