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  • tigerpac tigerpac Nov 15, 2010 1:39 PM Flag

    Wall ST. Equity Research

    Day 1 of the pump.....10-Q doesn't matter...nothing matters except the PR pumps if you are trying to make $$$ on this stock.

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    • 10-Q is out...stock will still trade based upon market newsletters...from the 10-Q:

      "The Company issued 200,000 shares of common stock to an investor relations consultant per the terms of the agreement with the Company and that were valued at $0.46 per share, of which 50,000 shares vest every three months. In connection with this same agreement, the Company issued a warrant to purchase 300,000 shares of common stock, of which 75,000 vest every three months, with an exercise price of $0.01 per share and expiring on May 1, 2012. The fair value of the warrant was estimated to be $0.40 per share using the Black-Scholes model with the following assumptions: dividend yield of 0%, expected stock price volatility of 101.5%, risk-free interest rate of 1.64%, and an expected life of three years."