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mkinhaw

09/21/11 2:14 PM

#58 RE: Johnny4profits #57

There was a S8
for 10 mill at .03 back in march

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7817663

maybe some left barely 10 mill traded since then
MK
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mkinhaw

09/21/11 2:49 PM

#59 RE: Johnny4profits #57

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mkinhaw

09/22/11 2:55 PM

#60 RE: Johnny4profits #57

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 :)
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EZtradin

it will be a while
MK