Wednesday, September 13, 2006 12:11:14 PM
From : George Johnson <johnson@stctransfer.com>
Sent : Wednesday, September 13, 2006 3:26 PM
To : Art Gecko <aphoenix31@hotmail.com>
Subject : Re: R/S broker screwup
| | | Inbox
Mr Gecko
STC can verify the outstanding shares.
George J
Art Gecko wrote:
OK, but can you verify the share structure and 3.6MM outstanding shares?
thanks
--------------------------------------------------------------------------------
From: George Johnson <johnson@stctransfer.com>
To: Art Gecko <aphoenix31@hotmail.com>
Subject: Re: R/S broker screwup
Date: Wed, 13 Sep 2006 09:32:43 -0500
Mr Gecko
The transfer agent has no comments on this.
George J
Art Gecko wrote:
So If I understand correctly, previous to the 1 for 5000 R/S effected today, there were 18 billion shares outstanding, making the new post R/S outstanding 3.6 million shares.
Obviously there was some screwup along the way somewhere today, where brokers were allowing people to sell their pre-R/S shares into the post R/S market.
32,689,506 shares traded post R/S today. This equates to what would have been 163,447,530,000 shares yesterday pre- R/S obviously someone is VERY short. Any comments on what we may expect from the TA or company in terms of a press release clarifying this situation?
Art's Bored
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