InvestorsHub Logo
icon url

DannyDuplex

01/06/12 11:00 AM

#50124 RE: pennyplayer777 #50123

52 week low doesn't mean much for a developmental stage company...
icon url

DannyDuplex

01/06/12 11:01 AM

#50125 RE: pennyplayer777 #50123

No offense smbpainting but I am sensing a hint in "newbie" from you.
icon url

Sola Fide

01/06/12 11:01 AM

#50126 RE: pennyplayer777 #50123

Thats the tricky bit...since they are using a gagged TA, folks won't know until the next filing...months from now.

Yes, in the past they had been very responsible with adding shares to the OS, however the stock was pretty consistently trading in the 1.5c +/- range. It is now trading @ 1/10th of that.

Previously, they could pay service providers, funders, etc with shares, now that might be quite a bit tougher, less folks willing to take shares at this value and even less with restrictions. They don't want to get caught holding the bag....as all of the note holders already are.

Previously $100k equated to 10m shares, that kept the dilution minimal, now $100k equates to 100m, that changes everything....imo.

I would keep watch on the Florida SOS site for an "Amendment". AS is currently 500M, if they raise it.....

Dollar wise at current prices, 10m shares yesterday isn't that much $$'s, but there should not be 10m shares readily available to be sold either.
You can be excited you got 4.5m shares...but yet something to ponder as well.... how you got them (on the bid) / where they came from