Ok, throw out everything I said this afternoon. T

Ok, throw out everything I said this afternoon. The 7.9 million shares outstanding as of the end of Sept in the slide deck was WRONG. (Why am I not surprised?)

They just filed a prospectus that stated the following:

Quote:

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The number of shares of common stock to be outstanding after this offering as reflected in the table above is based on the actual number of shares outstanding at September 30, 2015, which was 9,319,747 ...

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So either the preferreds were converting and dumping or the company was diluting.

Frustrating that we get incorrect information so much from this company.

This is a helpful summary from the prospectus:

Quote:

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As of September 30, 2015, there were 9,319,747 shares of our common stock outstanding and there were no shares of Series A Convertible Preferred Stock outstanding, no shares of Series B Convertible Preferred Stock outstanding, 750,000 shares of Series C Convertible Preferred Stock outstanding, 350 shares of Series D Convertible Preferred Stock outstanding, 8,972 shares of Series E Convertible Preferred Stock outstanding and 1,260 shares of Series G Convertible Preferred Stock outstanding.

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The reference to the 1260 Series G shares is now incorrect. There are zero Series G shares outstanding as of today.