For those wondering about what Trunkmonk is referring to,
Today an 8-K was filed, stating that in order to pay off the accrued compensation due to Hull Services Company, which is wholly owned and operated by Eliron Yaron, CEO and Chairman of Shelron, the company issued 63,187,511 shares of stock, which were valued at .007 per share when divided by the amount owed, which was $444,466.
Based on computing the O/S from Joseph Corso's most recent statement of ownership (using his percentage owned and the amount he holds), which is 390,693,590 shares, and adding these new shares, the approximate O/S appears to be 453,881,101.
This move will now remove the "accrued compensation" from the liability portion of the balance sheet, or at a minimum reduce it by the value listed in the prior paragraph.
Happy Trading!
"Taking advice from known stock promoters is like telling a pickpocket where you keep your money!!!"
