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Re: TRAPPER JIM post# 7688

Wednesday, 12/15/2010 9:20:37 AM

Wednesday, December 15, 2010 9:20:37 AM

Post# of 15403
ALTO-21 New Managers-Likely How They Got Paid

ALTO now has 24 total managers, but just added 21. Typically, ALTO has been hiring managers for 4M shares a piece. (read section 12 of the 10K here: http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7126430) This would be 80M shares issued. I suspect the secretaries each got 250K shares a piece, for a total of 85M newly issued shares.

As we know, ALTO has issued 85M shares since mid October, based on past agreements termed as "notes"

Some managers may recieve more shares than others, as they may be bringing equipment with them, like Watson, who as a dredge and other equipment in Africa.

As you can see, the dilution fear hear is of asset building. The CEO has told us that the newly issued shares were for land, equipment, and managers.

As far as raising money on the market, the CEO has said they would do debt financing, and not sell shares. Email him yourself or the CFO or other financial minds of ALTO.

http://www.altomines.com/management.html

Crushing Pinklyland Est. 2009

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