This is how I researched it. I went to pinksheets, typed in symbol, and reviewed their history. The O/S is near 106M now on that report, and stated they did a 15:1 F/S
Then, I reviewed their most current 10Q report and found out their A/S which is 250M
I did see the 10M S-8 filed in March.
Simple math:
Take the current O/S of 106M and divide it by 15. That number, 7.1M was the original O/S prior to the forward split. A forward split is dilution, much like an S-8. So, take the original O/S of approx. 106M-(minus) 7.1M(original O/S)=shares that need to be sold(Approx. 99M)
Now, they may sell the S-8 shares first, let it bounce, and resume selling the F/S shares, but who knows. You add the S-8 and F/S shares that need to be sold in the market, and that's a lot of dilution no matter how you add it up.
G/L :)
To succeed in life. Share your wealth. Help others. God Bless.
EZtradin
it will be a while
MK