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Re: madforareason post# 11450

Thursday, 10/26/2006 11:34:45 AM

Thursday, October 26, 2006 11:34:45 AM

Post# of 15765
Oh, concerning Chavarria's 51% of authorized shares: "Netco recognizes that no reverse stock split shall affect the issuance of shares to Chavarria. Specifically, regardless of any change to the share structure of Netco, Chavarria will recieve 2,550,000,000 shares or the equivalent of 51% of the shares authorized to be issued by the corporation.".

That is a big concern to me, even though Rodrigo assures that the majority of these shares will be surrendered and canceled, along with a reduction in the number of authorized shares.

Rodrigo and Marco, I don't mean to sound doubtful, but after what the common shareholders of this company have been put through (losing hundreds of thousands if not millions collectively), I remain sceptical of anyones motives concerning this corporation.
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