grizzy: The SEC Filings show that the O/S was ~480 million with an A/S of 500 million. Now this information didn't come out until November, it was not available at the time the R/S happened. However, word on message boards before the R/S was announced, from people that met with Ingen management, was that dilution had taken place and an R/S was being considered. That's the best you're going to get when dealing with an un-reporting company. People could be lying or making things up ... you just never know. That's why it is HIGH RISK. If you are an INVESTOR that believes in the potential of the products, then you need to ride out the short-term drop, maybe even average down, and wait for the success from sales to occur. It takes time...
From what I've seen posted, the transfer agent isn't very reliable in the information they give. I think they were telling people the A/S was 50M AFTER the R/S, yet the PRs were saying 100M. I'll wait for the SEC Filings to get the real story.