InvestorsHub Logo
icon url

Elcappy1

07/22/13 2:43 PM

#58901 RE: mgrego #58900

Easily absorbed!
icon url

Elcappy1

07/22/13 2:44 PM

#58902 RE: mgrego #58900

CE & ISO Certifications around the corner... Getting excited!
icon url

quikfix

07/22/13 3:03 PM

#58904 RE: mgrego #58900

I don't think the preferred changed since your latest detailed share structure post Mgrego http://investorshub.advfn.com/boards/read_msg.aspx?message_id=89762182 where you mentioned there were 650K preferred outstanding and now there are 648,808 so I doubt the preferred shares were reduced since the date of your post July 9th.

This is why it is so important to put EXACT numbers of outstanding common and preferred shares because 650K can be assumed to be 650,000 shares or anything close to it like the current preferred numbers that we received today of 648,808. Have these preferred shares really gone down by 1192 shares since July 9th? What were the exact preferred numbers on July 9th?

Authorized Preferred Shares: 20M shares with only 650K outstanding.

icon url

mgrego

07/22/13 3:14 PM

#58909 RE: mgrego #58900

The Preferred O/S at the time was 652,308.

Only 49,356 of the outstanding Preferred shares don't belong to company (They own 599,452).

Boost was issued 6K in Preferred B share during the 1Q 2013 and Preferred outstanding was higher earlier in the year.

Important Note:

The Authorized number of Preferred B shares was doubled from 10M shares to 20M shares during the 2Q 2013 (based on the report).

GLTA