From inception through September 30, 2002, we have issued approximately 103 million shares and raised $89 million. At our Annual Meeting of Stockholders on September 20, 2001, our stockholders approved an increase in the number of authorized shares of the Company’s common stock from 50 million to 200 million shares and we are currently requesting an increase in our authorized shares to 550 million at our Annual Meeting of Stockholders scheduled for February 6, 2003. The continuing need to raise funds through the sale of equity in the Company will likely result in the issuance of a significant number of shares of common stock in relation to the number of shares currently outstanding. In the past, we have raised money through the sale of shares of our common stock at a discount to the current market price. Such arrangements have included the private sale of shares to accredited investors on the condition that we register such shares for resale by the investors to the public. These arrangements have taken various forms including private investments in public equities or “PIPE” transactions, equity lines of credit, and other transactions summarized in the table included in the “Liquidity and Capital Resources” section of MD&A in this document.
the perceived risk of dilution may cause holders of our common stock to sell shares, which would contribute to a decrease in our stock price. In this regard, significant downward pressure on the trading price of our stock may also cause investors to engage in short sales, which would further contribute to significant downward pressure on the trading price of our stock.
"I hope you all sold this a.m. I got the hell out at .101 and .099.....same old story pump and dump is over everyone leaving....this was easy money...see you all on the next round. Trust me there will be another round there always is."
immer dieselbe Geschichte bei Caly,PumpundDump,und die Gesellschaft ,die die umtauschbaren Bonds hat,hat ihren Profit gemacht!zugegebenermassen auch die von Euch,die rechtzeitig ausgestiegen sind.
Habt ihr die Hauptversammlung am 6.Februar und die zu erwartende Erhöhung der Aktienanzahl von 200 auf 550 Millionen vergessen? |
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