CEDT total POS...
Talk about bending common shareholders over and ramming it up their ass.. this stock doesn't deserve to be mentioned on this board.
EPS $.55, fully diluted EPS $.02 ??? Damn that is a lot of dilution.
Number of shares of common stock outstanding as of August 19, 2009:24,767,798
Number of shares of preferred stock outstanding as of August 19, 2009: 910,000
ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
On June 10, 2009, 440,000 shares of preferred stock were converted into 22,000,000 shares of common stock.
The preferred stock, at the option of the holder, is convertible at any time after one year from the date of issuance into 50 shares of fully paid and non-assessable shares of common stock without further consideration. The holders of preferred stock are entitled to vote together with the common stock on all matters presented to a vote on an as converted basis, which is each preferred shares convertible into 50 shares of common stock. The dividends on outstanding shares of preferred stock shall be paid or declared and set apart for payment before any dividends shall be paid or declared and set apart for payment on common shares with respect to the same dividend period. The board of directors is empowered to fix and determine the designations, powers, preferences and rights of the shares of each series and the qualifications, limitations or restrictions thereof.
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