Wednesday, March 04, 2015 10:09:49 AM
First let's start with OS.
As of October 9, 2014, there were issued and outstanding 730,955,760 shares of Common Stock, and 51 shares of Series A Preferred Stock. Waiting for info on current share structure. that is another document that I'm waiting for, so it's actually 2 items I'm looking for.
Now this. It's already been established the Patten is now a subsidiary of IENG. In one of the 8-ks, it says that IENG had already gave Patten $80,000 for working capital.
Now we see that Patten has obtained another contract with another transportation authority.
Since this deal closed before the FY 2014 end, I would expect to see this deal on the Patten subsidiary side of the 10-k. It's a much smaller contract, but what it shows is that the Patten Bankruptcy is firmly in the rearview mirror, and it's back to business as usual!
My final judgment on management will depend on how they make the public aware of these developments after they file their year end next month.
More docs to come!
Good luck to all stock holders, and stuck holders!
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