The consideration for the acquisition of Avant will be the issuance of the Company’s Common Stock shares, the number of which will represent 96.5% of the Company’s outstanding Common Stock, or an equivalent number such that [color=red]after the Company’s Preferred Stock shares with conversion privileges are converted into the Company’s Common Stock, ninety six point five percent (96.5%) of the then outstanding Common Stock shares of the Company will be issued to Avant shareholders
The company RETIRES(68,469,993) Common Stock shares or (63%) of the company’s outstanding Common Stock IN CERT FORM and re-issues 3,000,000 shares in exchange for those 68,469,993 shares retired. Interesting.....
American Liberty Petroleum Corp. cancels majority of its stock
Houston, Texas (Wednesday, October 1, 2014) – American Liberty Petroleum Corp. announces today that it will cancel over sixty three percent (63%) of the company’s outstanding Common Stock shares. Three major shareholders have signed an agreement to exchange stock certificates, owned by them and already submitted to the company’s CFO, for one million (1,000,000) Common Stock shares each – for a total of over sixty eight million (68,469,993) Common Stock shares being cancelled and three million (3,000,000) being issued
The CFO confirms the O/S:
“ With 107,389,051 Common Stock shares outstanding as of the filing of our last 10Q, we are cancelling over sixty three percent (63%) of the outstanding Common Stock shares
OREO Security Details Share Structure Market Value1 $3,339,799 a/o Oct 03, 2014 Shares Outstanding 107,389,051 a/o Feb 12, 2014 Float Not Available Authorized Shares 450,000,000 a/o Feb 12, 2014 Par Value 0.00001
Shareholders Shareholders of Record 8 a/o Feb 12, 2014
So if the above information is indeed correct, let's see what the numbers look like after this info has come to light.
450,000,000 A/S 107,389,051 O/S 103,630,435 (96.5%) OF CURRENT COMMON STOCK 3,758,616 (3.5%) COMMON STOCK LEFT
8 SHAREHOLDERS OWN 100% OF THE OUTSTANDING SHARES OF COMMON STOCK OF OREO!!!! (SEE THE BELOW LINK TO THE 10K DATED 2-12-2014) "ANNUAL REPORT" * SEE PAGES 1, 9, 15, 25, AND 26*