Let's complete making this circle about the shares so that everybody here can grasp it.
*** Date *** / Outstanding / Tradable
2010-12-31 / 164,878,641 / 17,365,641
2012-09-30 / 243,468,641 / 30,991,827
In other words, in a little less than 2 years, the company issued almost 80,000,000, almost all for free, called "services rendered". The rest were issued, just a very few, real cheap. (Again all of this can be gathered from the financials).
Of the restricted shares, at least slightly more than 13 million became tradable, and were sold in the open market. If sold on the open market at an average price of ten cents, they brought 1.3 million to the sellers. In that time period the company had about two million in revenues. At the current value of the stock, the remaining 67 million shares that were issued and which remain restricted ( since less than two years have passed) have a value of 3.35 millions. The shares given out for "services rendered" do not appear in the profit/loss part of the financial statement. These shares only appear in the corporate records as footnotes.
Also, let me remind you that the share counts on 2010-12-31 is the one right after the 1-for-20 reverse split, along with which the holders of tradable shares prior to that date were diluted by more than 80% all at one time.
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