Shares outstanding now 50 million from 18 million : We are screwed
Total outstanding shares increased from 18 million shares to 50 million. They diluted us heavily by issuing shares to themsleves on old money by converting their existing investment at $0.035. What a fraud company this is. The moment there is a slight bump, I am out. If managemnet cannot be trusted, the company will be toast in no time. Mark was on the board for some time, he did not do anything before, so I do not have hope now.
What a dilution. Unbelievable. The competition is going to eat us up. Like Pharmajet if they don't move fast enough. Bovine attitude does not work.
8k out. shares diluted from about 19 million to 38 million. Looks like the board diluted us by half by
issuing shares to themselves. revenue dropped to 2.1 million (2012) from 8 million (2011). this is