I want everyone to take a deep breath and read an excerpt from the 3/31/98 10Q:
STOCKHOLDERS' EQUITY
Common stock, Class "A", $0.06 par value;
authorized 47,000,000 shares; 35,784,429
issued and outstanding
Common stock, Class "B", $0.005 par value;
authorized 3,000,000 shares; 1,280,000
issued and outstanding
To those of you who think there are 100 million shares outstanding:
If you will please note, there are only 50 million shares authorized, 37 million outstanding as of 3/31/98. Now, if RA was printing shares in the April-June timeframe, they would have first had to vote to increase the authorized number of shares. Second, they would have had to register those 50+ million shares with the SEC. I saw no filings to that effect in EDGAR. I have seen no public announcements to the increase in authorized.
So, IMHO, they have not increased the shares unless they did so illegally..which I don't believe they would do.
We all have to stop believing every piece of trash on those YAHOO threads.
TG
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