PERRRFECT darkside timing & story. There is no hype. Thats why little retail following. Seems this one is in slow motion. But hey! they just did a large funding deal with VCs.
STRONG WATCH for bought run and leg 3 IMO. Shares are owned @ .0225, thats the starting point, could see 10x now the VC is in.
Expect the 2 or 3 mil volume pops were insiders preping for the future, more then a pump & dump pond fishing play. I'm liking the month 3 chances alot.
Series C Preferred Convertible Stock convertible (at the Holder's option or mandatorily upon the occurrence of certain events) into 2,222,222 shares of the Company's Common Stock ($0.0225 per share) and a Warrant to purchase 1,111,111 shares of the Company's Common Stock at $0.03 per share for a period of three years. A total of 69,777,773 shares of Series C Convertible Preferred Stock and Warrants to purchase 34,888,890 shares of the Company's Common Stock were issued in the offering.
Shares Outstanding 741,206,784 as/of May 06, 2011 (pinksheets). With the above funding deal, the VCs bought the company. Many times over, if all was bought & converted.
IMO the game is afoot Watson. Waiting for Moriarty to act.