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Texxon (fka TXXN) RSS Feed

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DD see links below for the last good informative report on TXXN.... part 1 http://www.investorshub.com/boards/read_msg.asp?message_id=11529331 part 2 (continuation of part 1) http://www.investorshub.com/boards/read_msg.asp?message_id=11529337 http://www.thenewssvc.com/TXXN083006.html company web sites http://teleplusgroup.com/ http://www.1tc.com/en/index.php O/S & float info...as per their last filing but ensure to doubt check the data below to ensure it still is valid.... float= = 39,427,382 shares o/s = 114,982,159 SEE NOTE 1 as this is taking into account if all preferred shares are converted to common shares 65.71 % of shares are held by insiders/directors! Name and Address Number of Shares Percentage ---------------- ---------------- ---------- Claude Buchert 1,223,284 1.1% 11041 Santa Monica Blvd., #317 Los Angeles, CA 90025 James W. Gibson -0- (1) 0% 684 Glenmore Blvd. Glendale, CA 91206 Helene Legendre 10,191,724 8.9% 1810 Palisades Drive Pacific Palisades, CA 90272 Ross A. Nordin -0- (2) 0% 149 S. Barrington, #246 Los Angeles, CA 90049 Marcia Rosenbaum -0- (3) 0% Platanenlaan-West 14 8420 De Haan, Belgium Telanova, Ltd. 29,351,736 25.6% Suite #5, Watergarden Waterport, Gibraltar Humax West, Inc. 34,651,660 30.1% 7507 Vista Del Mar Playa Del Rey, CA 90293 11,415,008 10.01% All Officers and Directors, as a group (5 members) http://www.pinksheets.com/quote/print_filings.jsp?url=%2Fredirect.asp%3Ffilename%3D0001019687%252D06.... NOTE 1........ the outstanding shares of about 115 million is taking into consideration the fact that all the preferred shares are converted to 81 million shares They may have converted ZERO to ALL of the preferred shares but worse case scenario is that if they are all converted then there is only about 115 million shares ____________________ PLEASE NOTE, however, that the TelePlus acquisition transaction was closed through the use of convertible preferred stock (3,000,000 shares of the "TelePlus Acquisition Series of Preferred Stock), each of which is convertible into 27 shares of the Company's Common Stock following the proposed redomestication of the Company in Nevada. Accordingly, for purposes of this chart, the shares of preferred stock are treated as already having been converted into 81,000,000 shares of the Common Stock of the Company (3,000,000 x 27 = 81,000,000) so as to provide more meaningful disclosure. At the close of business on March 30, 2006, the day before the Closing of the TelePlus acquisition, the Company had 33,982,159 shares of Common Stock issued and outstanding. Treating the 3,000,000 shares of the TelePlus Acquisition Series of Preferred Stock, which were issued at Closing on May 31, 2006, as having been converted to 81,000,000 shares of Common Stock, the total shares of the Company's Common Stock issued and outstanding at the close of business on May 31, 2006 would be 114,982,159.
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