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Here we have a stock that has gone through every possible black eye that can be imagined. It has it all ... Then Boom along comes DF- 144. A special non Ether based Octane Booster to an industry fraught with complications and desperate for alternative to the growing problem of EPA concerns. For DD start at the first post of this thread and read everything is there and the first few hundred posts are mostly DD . Subject 19230 News ReleaseS: biz.yahoo.com Share Count as best as I can figure out as of the last filing: Here are the totals for calculating fully diluted shares from the 8-K plus the last transaction for Arcon minus the returned shares of New Departure: : 2,575,217 Common ( 1.6M insiders / 975,217 Free trading. ) 4,108,860 Dilution from Series A ( 117,396 ) 54K in MILDP Float 22,350,000 Dilution from Series B ( 149,000 issued to date ) ---------- 29,034,077 fully diluted common shares as of today MIDLP = preferred 'A' the other 63,396 are held by the company which are restricted for another year and 6 months before be able to convert. The 'B' are all insiders and have a 2 yr restriction before they can be converted (self imposed) THEN another 2 yr restriction before they can be traded after that. Again insiders and SEC rules and regulations apply. MIDLW are warrants that allows the holders to exercise I guess at anytime to purchase 1 share of common stock for 1 dollar, expiration 2001; Target - $2.50 or higher for ten trading days; After target is met company can recall all warrants for .05 cents I believe. Ok the last news release changed the exercis price from $1.00 to .$0.50. So in Oct of 1998 this year the MIDL float will dilute to the 2,575,217 plus 1,890,000 (54x35 MIDLP) = 4,465,217 minus the insiders 1,600,000 = 2,865,217 free trading float. No other dilution I know of till Oct 1999 which is where the other 63,396 preferred A converts which will dilute another 2,218860 making the float 6,684,077minus insiders 1.6M = 5,084,077 Free Trading in OCT 1999. This stock has unlimited potential and now about to gain public recogniton which is all it lacks. Ga Bard | ||||||||||||
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