SUWG - Sunway Global Inc. A PRC (China) company.
Formerly NRMG -- National Realty and Mortgage Inc., after Reverse Split/Reverse Merger
Latest Filing 1/10/2008:
DEF 14C http://www.pinksheets.com/edgar/GetFilingHtml?FilingID=5646473
"to change the name of the Company to Sunway Global Inc. (the “Name Change”);
· to authorize the Board of Directors to effect a one-for-86.3035 reverse stock split of the outstanding shares of Common Stock (the “Reverse Split”); and
· to cancel the authorization in the Company’s Articles of Incorporation of all shares of Class A Common Stock, par value $.0000001 per share (“Class A Common Stock”), and to eliminate all references to Class A Common Stock contained in the Articles of Incorporation.
The Amendment will not become effective until its filing with the Office of the Secretary of State of Nevada which will not occur until at least 20 days after the date of the mailing of this Information Statement to the Company’s shareholders.
with the Reverse Split round-up:
In connection with the Reverse Split, the Company’s Board of Directors, in its sole discretion, may
provide special treatment to shareholders to preserve round lot holders ( i.e ., holders owning at least 100 shares) after the Reverse Split. The terms and conditions of special treatment afforded to the Company’s shareholders to preserve round lot shareholders, if any, including the record dates for determining which shareholders may be eligible for such special treatment, will be established in the discretion of the Board of Directors.
"Issuance of Additional Shares . The number of authorized shares of Common Stock will continue to be 100 million after the Reverse Split. However, the number of authorized but unissued shares of Common Stock effectively will be increased significantly by the Reverse Split because the 19,207,455 shares outstanding prior to the Reverse Split, which represent approximately 19.2% of the 100 million authorized shares, will be reduced to approximately 222,577 shares, or approximately 0.22% of the 100 million authorized shares. The issuance of additional authorized shares, including an aggregate of approximately 13,711,800 shares of Common Stock that will be issued upon the automatic conversion of the Series A Stock simultaneously with the Reverse Split, may have the effect of diluting the earnings per share and book value per share, as well as the stock ownership and voting rights, of the currently outstanding shares of Common Stock."
9/30/07 Filing excerpts:
Total Assets $ 23,641,487
Total Liabilities $ 1,540,023
Basic and Diluted net earnings per share $ 0.30
Weighted average shares outstanding 19,207,455
Ending cash and cash equivalent $ 7,148,550
NO LONGER AFFILIATED WITH ASTROM FAMILY (their interest was bought out)
NRMG -- National Realty and Mortgage, Inc.
Transfer Online, Portland, OR 97204
This is not an opinion to buy or sell. Contents of this IBOX are not guarenteed.