Ann: Placement of $10m Closed Significantly Oversubscribed, page-48

oversubscribed EASY to say..since Merchants took them all (corner stoned) and is placing them.
so 100% to Merchant and then company can say anyone else who wants is therefore an OVER subscription wanter...and Merchant gives to them....and we see plenty of people selling for a nice 20+% profit....at begining of day...as well as many who sold at 10 - 11 Cts possibly buying in and playing the trading game. AFter all....why not ....they are up considerably....especially if they were in below 6.5 cents and sold at 10 or more.
Let this saga settle down. over 1 billion shares out there now....and more options and free shares to be given in the future.