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OlafKjelldsen

08/09/12 7:26 PM

#147357 RE: Great White North #147329

Hundreds of billions?


When I say that I always point out it's split adjusted. Had they not done a 1000:1 reverse split in October of 2010, the O/S would be 2.4 trillion shares. I get that companies have to pay debt and raise money, etc, but it went from 5.4B in 4/2009 to 12.7B in 5/2010, knocked down to 12.7M in 10/2010 and subsequently jacked up to 2.4B again in only a year and half.

And now they need a $4M line of credit because they stopped selling shares for money.