06mets, from the GOIG TA...
Yes, I have called and spoke to John and Desiree at the Manhattan Transfer Registrar Co., Holbrook, NY. I also spoke to Ike Sutton, the CEO, this morning.
Ike told me that the Transfer Agent (TA) is not gagged. He did tell me that sometimes when they are busy, they get a lot of calls taking them away from their regular duties which is why it would be better to call them in the morning. From further speaking to the TA, I think our phone calls should be very minimal to them.
I called the TA this morning and spoke to Desiree. She told me that Ike would need to call in to give them permission to release the share structure. I immediately called Ike and he said to call the TA back in 15 minutes as this issue will be immediately taken care of.
Well it was. However, this time John answered the phone and he told me that if it gets out on the blog that he was going to shut it off from being publicly released and have people call the company to get it. He said that they are too busy to get swarmed with a lot of phone calls about this same issue.
I explained to him the importance of penny stocks being transparent because of the amount of dilution that exists and he said that he understood. But he told me that I need to understand that they can't be swarmed with a bunch of phone calls. I told him that I will post the share structure and post what he has told me so that hopefully they don't get a lot of calls.
I recommend maybe one person other than I to call every week or two to verify the numbers he gave me below:
Authorized Shares (AS) = 500,000,000
Outstanding Shares (OS) = 100,116,922
Restricted Shares = 72,231,672
Float = 27,885,250
From speaking to the CEO, I think the number listed in the IBox as the OS was actually the amount for Restricted Shares at such time. He told me that there was only a little bit of shares added to the Float which matches the earlier Float number of 26 million to the current Float number of 27,885,250.
v/r
Sterling