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IIE:CA V.IIE



TSXV:IIE - Post by User

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Post by raw_capitalon Oct 22, 2009 7:09pm
564 Views
Post# 16415058

Share Cap

Share CapGreat volume today - more than 3,000,000 shares traded!  Closed down 21.7% to $0.09.

On April 22nd, 2009 they had 109,100,241 shares outstanding.

They roll it back 3 for 1, that day, to 36,366,747 shares out. 

They announce a financing that same day for 33,333,333 shares at $0.03.  No progress on Brazil.

Later they sell 3,603,000 million shares for $0.15.  No progress on Brazil.

On October 13, 2009, they announce a financing of 13,333,333 shares, with no news on Brazil.

That means they will have 86,636,413 shares out when they are complete.

So basically, since April 22nd, 2009, the number of shares outstanding has been increased by 238%.

What value has been added to the company?


This isn't bashing any company, you can arrive at your own conclusions.  All information was drawn from stockwatch.



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