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Friday, May 16, 2014 11:29:33 PM
Read this first filing, they laid it out for everyone in the beginning.
Concurrent with the announcement of the Company’s total share reduction, the Company emphasizes that the
long-term goal of the Company is to reduce the number
of common stock shares by another 1 billion common
stock shares over the next two months—for a total cancellation and retirement of 1.5 billion common stock
shares. Based upon the Company’s share structure announced in the Company’s Annual Report, after total
common stock share retirement, the Company will have
a total number of issued and outstanding shares of
approximately 949 million shares.
http://www.otcmarkets.com/financialReportViewer?symbol=SLNX&id=119138
One of the Consent agreements, i just picked one there are 3*500mil = 1.5bil
Below Bold/underlined is the action being done:
I, the undersigned, in this "Consent Agreement" consent to relinquish, cancel and retire 500 million restricted common stock shares of the Corporation that are currently owned by me and such consent to relinquish, cancel, and retire the 500 million common stock shares shall be effective permanently.
Below bold/Red is his statement of consent/ownership. Meaning he owns in total 2 Billion, of which over the past few months has relinquished/retired/cancelled 1.5 Billion back to the company.
I hereby Certify:
1. I am not under the age of eighteen years;
2. I am not incapable of managing my own affairs by reason of mental infirmity;
3. That I received two (2) billion restricted common stock shares of the Corporation on February 13, 2013 in accordance with an agreement with the Corporation dated January 27, 2013 ("Shares");
4. I consent to relinquish control of the Shares to the Corporation;
5. I consent to the cancellation of the Shares by the Corporation; and
6. I consent to the permanent retirement of the Shares by the Corporation.
so now he has 500 million shares that he could still give up.
$$$ Severly Addicted to Mad Money $$$
Note: I can not make decisions for you, buy or sell I can only show you why I feel comfortable with my decisions.
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