Re: Financial Statements milplease
in response to
by
posted on
Nov 09, 2009 02:37PM
120Mln out in 1999, so we must of had about 150 Mln auth back then, compared to 350 Mln auth today and 285 mln in float today.
That's a heck of a lot less dilution than most penny stocks that were around 10 years ago and still around as a OTCBB/PK today.
I have another penny OTCBB stk under 2 cents that has 1.5 Bln...with a B, outstanding.
Last year, before the SHM the proxy included a vote to add 50 Mln to make it 350 Mln. It passed of course, and at the mtg a guy asked why the BOD did not ask for 100 Mln...the answer from RP, "if we needed 100 Mln would would have asked for it."
That was 9/17/08, and LG settled 9/25, and the rest we know.
Many post on other boards that all EDIG does is print shares to stay in business....think again.