InvestorsHub Logo
Followers 0
Posts 3306
Boards Moderated 1
Alias Born 11/22/2006

Re: None

Thursday, 10/04/2007 3:34:12 PM

Thursday, October 04, 2007 3:34:12 PM

Post# of 131532
Just got off the phone with Mark Knight from Transfer Online.. Drew conferenced me in with him..

Here are my notes...

1) We went down through each of the Officers and none of them have sold shares.. all have restricted stock with a 144 legend not saleable for 2 years.

2) Share counts are as follows..again all are restricted

Drew Bhudu 2.848B

Doug Spadaro 450.9M

Tiuu Lochasingh 205.1M

Ricardo Moreno(sp?) 110.0M

Total O/S = 10B Common A
800M Common B

3) The 800M Common B are under Drew's name and give him voting rights to the company.. Not sure exactly how these work but he is going to conference me in with their attorney, Joe Emas, tomorrow afternoon to explain this.

4) I confirmed with Drew while I had Mark on the phone that he would be sending over an e-mail to Mark to release the restriction on the account and allow anybody to call to verify this information. Don't have a timeline there but hopefully this will be soon.

That's all for now folks.