Quote: "-- PINR had about 2b OS when Mark bought the shell in 2008."
The following is the information available for 2008 via www.otcmarkets.com. The information does not match with what you're saying granted, there are blanks in between reports which can be filled in by any speculative mind.
March 10, 2008 : R/S 1 for 500
May 06, 2008: A/S = 1 billion, O/S = around 302 million, p/s issued = around 1.015 million, p/s authorized = 50 million.
Quote: "-- Mark diluted to 11b from 2008 to 2011: (100:1 split * 110m) = 11b. (with gagged TA for the steep rise from 3b to 11b) "
There's no way Mark could've diluted to 11 billion shares "from 2008 to 2011" culminating in a R/S all the while without reporting the share structure at some point within the company's financial reports over those years, (reports that were released publicly whether he had to or not). Merely stating that there was an R/S is not considered "adequate" information. Which was one of my points to begin with when I asked you to furnish me with a link to substantiate your calculations. Also, the report directly before and directly after the R/S is mostly unchanged so I'm left to wonder, exactly what did Mark R/S? He must've made a very sudden A/S increase followed by a very sudden R/S in just a few weeks/few months at the most... but that I can only speculate over since there's no definitive record of the matter on www.otcmarkets.com.
On the records, from 2008 until now, Mark has increased the A/S four times for a total of 5 billion shares. He's also decreased the A/S in the same time frame five times for a reduction total of around <4.75 billion shares>.
Quote: "-- after the RS to 110m, Mark diluted 23x, issuing another 2.5b shares over 8 months (April 27 - Dec 31) reports. -- that's 11b total = 9b before RS, 2b after."
The a/s in april was 1 billion, the a/s in dec was 2.5 billion. over that time the o/s increased to 2.4 billion alongside the a/s increase so... 1.5 billion more shares were loaded onto the market over that period.
Quick References and Links for Period Ending/As of Dates:
preferred stock with voting rights is convertible 1000:1 to common shares. There's been no significant preferred stock conversions or issuances since 2010.