Wednesday, March 26, 2014 3:33:19 PM
..from 5 Billion.
MIA RIGH CEO "Angel" did this in a totally backroom, underhanded way, without notifying shareholders. Not that he COULDN'T- he was actively "blogging" in that period. Telling shareholders that "news is coming very soon" even while re-filing in WYOMING and increasing the Authorized Shares by 25 BILLION.
$SIGH
From my2mustangs:
This was done at a time (August 30, 2013) when "Angel" WAS using his "wordpress blog" to tell shareholders:
Here's the Nevada filing:
Here's the Wyoming filing:
Check the dates and share numbers for yourself. And "Angel" is majority shareholder, CEO, Chairman of the Board, and the ONLY MEMBER of the Board... with 40 BILLION controlled voting shares.
So he can issue these 25 Billion additional Authorized Shares with no shareholder notification.
Massive potential for DILUTION.
Just plain sleazy.
Tread and trade carefully, if at all, here, newbies.
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