Look at these figures: FPO 1,171,430,586 Ops Ex 4c 55,000,000 Ops Ex 2c 389,459,672 Ops Ex 1c 702,000,000 Ops Ex 1.5c 12,000,000
These figures are verified in the 5B released on 28/01/2010.
The 702,000,000 options (exercised @ 1c) are piggy back options. In essence, another 702,000,000 shares could come into existence and result in 1,404,000,000 PDY shares. That's 1.404 BILLION! Talk about diluting the company's stock. This is further diluted when all stock is added together giving a total of 2,329,890,258 or approx. 2.33 Billion.
PDY Price at posting:
2.0¢ Sentiment: Sell Disclosure: Not Held
