May 6, 2010 (FinancialWire) — Jedi Mind, Inc. (OTC: JEDM) said that its board  has resolved to reduce 60% of the company’s authorized stock to minimize dilution as the company grows, and to maximize shareholder value.

Jedi Mind is developing thought-controlled software applications and has released two finished products. The company’s most recent application, "Jedi Mouse", allows the user to operate the computer, open and close programs, compose and send email all with the power of their mind, according to Jedi Mind. In a statement, Jedi Mind said it feels as of it is only a matter of time before this technology gets noticed by Wall Street and is reflected in the price of the stock.

California-based Jedi Mind’s technology involves the use of a wireless headset, developed by a strategic partner, that detects brainwaves on both the conscious and non-conscious level. This neural processing technology supposedly makes it possible for computers to interact directly with the human brain.

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