my gut says they got at least 3-3.5 million since the 1st week of july they were already selling stock to buy up coming equity apper with warrants...
40 milllio shares were traded in 3 months plus 3-4 million short paper that was covered ....
my guess they will reprice to 10 censt due to all the selling and issue 35 million shares for 3.5 million + 35 million 20 cent warrants
at the end of the day this will have 200 million shares on fully diluted baseis
the real question heer is do they cut cost and make the 3.5 million injection work for them
5 million dumped in last 5 days to buy paper with warrants looks like a done deal to me based on volume