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Author: captainccs Big funky green star, 20000 posts Top Favorite Fools Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 74316  
Subject: OOIL: The dilution continues Date: 1/4/2013 5:53 AM
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One sees progress with OriginOil but also continuing dilution.

Form 8-K for ORIGINOIL INC
3-Jan-2013

Unregistered Sale of Equity Securities, Entry into a Material Definitive Agreement,

Item 3.02 Unregistered Sales of Equity Securities.
As previously reported on July 31, 2012, August 9, 2012, October 12, 2012, November 7, 2012 and November 20, 2012, OriginOil, Inc. (the "Company") conducted a private placement offering of up to 4,615,385 shares of common stock together with up to four series of warrants to purchase up to an aggregate of 18,461,540 shares of common stock. Between November 16, 2012 and December 28, 2012, the Company sold to accredited investors an aggregate of 445,848 shares of its common stock together with one-year warrants to purchase an aggregate of 438,771 shares of its common stock, three-year warrants to purchase an aggregate of 416,309 shares of its common stock and five-year warrants to purchase an aggregate of 153,846 shares of its common stock for aggregate gross proceeds of $289,800. Each of the warrants is exercisable at a price per share of $0.65 subject to adjustment for stock splits, dividends, distributions, recapitalizations and the like.


http://biz.yahoo.com/e/130103/ooil8-k.html

Denny Schlesinger
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