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DTL

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Alias Born 05/12/2005

DTL

Re: LOCKUSA post# 1987

Monday, 01/18/2010 12:42:44 AM

Monday, January 18, 2010 12:42:44 AM

Post# of 27507
30.5MM shares were issued and outstanding prior to the publically made information that I posted below. It would be good to know asap if the market has absorbed this dilution as of this coming Tuesday. The verbage states that "a registration statement with the SEC was filed". Can they sell those shares as soon as this statement is registered or does that take time for the SEC to approve and if so; how long? I am wondering if the phone calls into these stock clubs and this weekend's PR is orchestrated for the benefit of the so-called 2-5 employees. They have issued themselves 65mm shares so how high will they let the PPS go before selling i.e. diluting the market? It will benefit recent buyers as well but this is typical pinky BS.
From the recent 10Q through 10/31/2009:

WE RECENTLY REGISTERED SHARES OF COMMON STOCK TO BE ISSUED TO EMPLOYEES PURSUANT TO OUR STOCK COMPENSATION THAT WILL SIGNIFICANTLY DILUTE THE EQUITY INTERESTS OF EXISTING SHAREHOLDERS IN OUR COMPANY

We filed a registration statement with the Securities and Exchange Commission that registered 65,000,000 shares of common stock to be issued as compensation to employees. We are authorized to issue 100,000,000 shares of common stock and as of December 15, 2009 we had 30,455,187 shares of common stock issued and outstanding. To preserve cash, we intend to issue up to 65,000,000 shares of common stock as compensation to our employees and consultants which will significantly dilute the equity interests of existing shareholders. Consequently, the price of our common stock will likely fall and you may lose all or part of your investment.