In October 2010 FAU had 60 million shares outstanding. July 2011 they had 100 million shares outstanding.

today they have:

Issued & Outstanding


Warrants 221,964,659
Options 8,466,636
Comp / Agent Options 9,671,062
Fully Diluted: 556,259,388

That's what happens when a producer isn't cash positive, and that is the risk MTO has right now! Look how quickly the warrants and options start adding up. If MTO has to do anymore financings they will have a similar share structure to FAU. That is why I use them as a comparison!