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TFCT.....next ebay????
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[QUOTE]Originally posted by Upside: [QB] originally posted by vettemadman: [QUOTE]Where does one check to see that a company is "dumping" more shares onto the market (still learning...)? How often can a company add shares and does the dumping often coincide with the pr's in the case of TFCT? Thanks for the help![/QUOTE] Vette, A company can sell or "dump" shares pretty much at it's own discretion at any time they want to. Forgive me if I'm talking down to you but here's what's happening with TFCT. Every company has an authorized share count (or a/s), that represents the total amount of shares they are allowed or authorized to sell. Every company also has an outstanding share count (or o/s) which is simply how many of the authorized amount they have sold. In the case of TFCT, their authorized amount is 750 million shares. As of their last quarterly report dated 8/13, they had sold approx. 500 million of them so their a/s is 750 million, their o/s as of 8/13 was 500 million. As of 10/12, they had sold an additional 100 million shares bringing their o/s up to 600 million. That's dilution or "dumping" at a pretty rapid pace. Now they are raising their a/s to 2 billion shares on or about 10/29. After they raise their a/s, they can sell them whenever and as quickly as they want. This will further dilute the price of the stock. They are also talking about a reverse split in the future which would pretty much be the kiss of death for this stock. If you want to review their filings go to [URL=http://www.sec.gov.]www.sec.gov.[/URL] Click on "Search for Company Filings", then click on "Companies & Other Filers". From there just type in as much of the company name as you know and it will bring up a list of all of their filings. You can review them going back 10 years. Hope this helps and again I apologize if I'm telling you information that you already know. Good luck! [/QB][/QUOTE]
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