Originally Posted by
waikare
This is not the first time the board has been underhand regarding the issue of shares, in early Dec. 2013 the directors and their associated companies sold down some of their holdings, then under the heading of Capital Raising they issued $4000 million worth of shares to themselves and other institutional investors at a discounted price of $0.05. If I can recall correctly prior to share placement the shares were trading at the $0.67 - $0.70 range. This resulted the share price dropping to around $0.50.