There has been a new S-3 filed on Nov 24th. Not new but it simply states that stock has been registered for cashing in purposes.
Good timing. Must be sharp guys, selling when others talk the stock to the moon. gumtch netting around $5.78 /share. The issuing of warrants always reminds me on the earlier "backdoor offerings" of Reg S stock.
sec.gov
John W. Frasco, Robert Wood, F, G & G Management Group, Inc., Andrew
Lessman, Next Millenium Capital Holdings, LLC, and CJB Consulting, Inc. are
offering to sell up to 550,000 shares of our common stock issuable upon exercise
of warrants and options that we issued to the selling stockholders. The selling
stockholders may sell some or all of the common stock to new purchasers through
ordinary brokerage transactions, directly to market makers of our common stock,
or through any of the other means described in the section entitled "Plan of
Distribution" beginning on page 12.
The selling stockholders will receive all of the proceeds from the sale of
the common stock, less any brokerage or other expenses of sale incurred by them.
We will receive up to $3,181,000 if the selling stockholders fully exercise
their options and warrants. We are paying for the costs of registering the
resale of the shares underlying the options and warrants held by the selling
stockholders.
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