Versadial (CAUL)

[JerzykB]

CAUL - falling into place - new filings

Today, Donaldson filed form 3 as CEO, Block filed form 3 as President and Harriton filed form 3. All are 10% owners. Earlier this week, Mellon Alternative Strategies filed and said that they gave 7.5 million dollars for warrants and debentures valued at .0262. The company will use the 7.5 mil for production expansion.

It looks like (just my arithmetic) 350 million shares go to Mellon and 345 million shares go to Donaldson, Block and Harriton. I think there were about 260 million shares outstanding before so now we have a grand total of 955 million shares outstanding. Meyers is gone and it looks like he got a piece of the action and he would be included in the 260. Do you have an opinion on the new shares?

Waiting for PR's to begin. Then we'll see some movement in the shares.