Before this I’ve never seen a stock board where the header by the “moderator’ is a bash of the stock. Your whining isn’t going to change the restriction, either the company makes a go of it or we lose what we paid for the dividends = nothing !
It is normal for a start up company to have a lot of restricted shares in the hands of primary investors. The stock usually is restricted for one to two years.
The company purchased Tampa Bay Mortgage Solutions from Prime Rate Investors for 1,062,500,000 shares. Per the 15c211.
How did that get to be “Two billion ? or Billions ?”
From pinksheets :
Authorized Shares: 20,000,000,000 as of 2005-02-24
Number of Shareholders of Record: 3,015 as of 2005-02-16
Float: 299,195,610 as of 2006-02-02
Corporate Mortgage Solutions, Inc. until 11-05
FINANCIAL REPORTS
Report Type Period End Date Release Date
Quarterly Report
12/31/2005 Feb 7 2006 ET
15c2-11 Information Statement
10/27/2005 Dec 2 2005 ET
15c211
01/15/2005 Feb 16 2005 E
From co pr 4/19/06 :
Board of Directors has approved the retirement of 289,367,139 free trading shares, representing a total of almost 20% of the total outstanding shares. This now reduces the public float to an estimated 11 Million shares…. we have now retired over 1.25 Billion shares of common stock.
From 15c211 : “In 2005 BAW lost $103,036. Our expectations are to be profitable in 2006.”
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