Friday, December 26, 2014 7:12:08 AM
Sanborn Resources is a fully SEC reporting OTCQB Shell that was just bought by Wilfred Shaw:
The company "sold 40,000,000 shares of Corporation common stock to Wilfred Shaw, an accredited investor, for gross proceeds of $50,000. "
8K Filing on 12-15-2014: http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10359343
Wilfred Shaw did a NASDAQ IPO a few years ago:
IPO Filing: http://www.nasdaq.com/markets/ipos/company/financialcontent-inc-69740-6148
Share Structure:
Outstanding: 43M
Float: 3M (Based on 43M OS minus the 40M he bought which are now control shares and can't be sold w/o a huge hassle, and even then only a small % at a time)
Authorized: 1000M (We're expecting him to reduce this)
Financials:
It's rare that you see a company this clean. Hardly any liabilities at all.
Filings:
Latest 10Q: http://www.sec.gov/Archives/edgar/data/1530874/000158972814000079/sanb11191410q.htm
All Filings: http://www.otcmarkets.com/stock/SANB/filings
Fully Current at Delaware SOS:
Chart:
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