InvestorsHub Logo

joborders

03/11/14 5:00 PM

#8372 RE: Bender77 #8371

That was an origional post by Rollup. Sorry..i should have sited or given credit

Mr Rollup

03/11/14 5:03 PM

#8374 RE: Bender77 #8371

Roughly 455 - 500mil

cdhames

03/11/14 5:55 PM

#8376 RE: Bender77 #8371

229 represents an outdated filing. If you look at the share agreement filed 14 Feb it states the current O/S was 334M. FROZ burned through roughly 150M in issuance to settle the IBC agreement that some folks keep regurgitating; I believe that issuance began on 10 Feb and ended around 19 Feb.. See my post here:

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=97635864

Which puts us roughly at 455M shares.

Since Friday, we've gone through another round of share issuance. We haven't seen a filing explaining it, which means they're either raising money or paying off creditors outside of any settlement agreement.

Last Friday, volume was about 70M.
Yesterday was about 60M (i believe..)
Today was 46M.

That's about 180M shares traded, most on the bid. Take 1/3 of that away and you're left with about 120M shares, which is roughly what you would need to settle, to execute a merger agreement priced at $500K, based on the current PPS 3-day average.

So... Current O/S should be sitting at about 600M right now. If you've played any R/M's before, then you've probably seen this number, slightly higher, or slightly lower. Definitely R/M range for the current PPS.