EZ Traders Forum

[NLionGuy]

EZ,

Regarding MSGL. I was a little confused about the capitalization of this Company so I went back & reconstructed it based upon the SEC filings. I think I have it now. Thought some others may be interested:

1	Sh. prior to merger 12/31/01	4,395,336.00	4,395,336.00	 
 2	Sh. issued for merger 10/04/02	17,051,344.00	21,446,680.00	 
 3	Sh. issued for cash 4th Q. '02	230,000.00	21,676,680.00	 
 4	Sh. issued for services 4th Q. '02	2,412,500.00	24,089,180.00	 
 5	Sh. issued for collateral 02/07/03	93,750,000.00	117,839,180.00	 
 6	Sh. issued for services 03/20/03	200,000.00	118,039,180.00	 
 7	Sh. issued for services 04/03/03	1,370,000.00	119,409,180.00	 
 8	Sh. issued for services 04/03/03	1,200,000.00	120,609,180.00	 
 9	Sh. issued for note pay. 04/07/03	120,000.00	120,729,180.00	 
 10	Sh. issued for Exxcode 04/15/03	25,000,000.00	145,729,180.00	 
 11	Sh. issued for services 04/03	325,000.00	146,054,180.00	 
 12	Sh. issued for services 05/03	1,055,000.00	147,109,180.00	 
 13	Sh. cancelled for collateral	(93,750,000.00)	53,359,180.00	 
 14	Sh. cancelled 09/03 per PR		(12,788,508.00)	40,570,672.00

2) On September 10, 2002, the Company entered into an Agreement and Plan of reorganization with MicroSignal Corporation, a Pennsylvania corporation, and exchanged 100% of the MicroSignal common stock in exchange for the issuance of 17,051,344 shares of the Company's common stock, or 94% of the Company.

5) On February 23, 2003, MicroSignal filed a report on Form 8-K, which reported under Item 1 that on February 7, 2003 MicroSignal entered into a Collateral Loan Agreement and Promissory Note for up to $1,500,000 which would be secured by 93,750,000 shares of common stock. As of May 12, 2003, the promissory note has not been funded.

10) On April 15, 2003, the Company issued 25,000,000 shares of its common stock in restricted form to the shareholders of Exxcode, Inc., a Nevada corporation, in connection with the Company's acquisition of Exxcode.

14) LAS VEGAS--(BUSINESS WIRE)--Sept. 2, 2003--Microsignal Corp (OTCBB:MSGL - News) announced today that the Board of directors cancelled 12,788,508 shares issued October 4, 2002, allegedly for earned cash flow.

According to the same PR, the outstanding shares as of 09/02/03 were 41,086,508 after the cancellation. My figure above would be up to 08/14/03 so it appears a few were added between those 2 dates. They will show up in the 10Q for Q3, of course.

Looks good.