"the Company filed a Certificate of Amendment to the Articles of Incorporation with the Secretary of State of the State of Nevada by approval of the directors and shareholders of the Company to change the name of the Company from ACEM Holding, Inc. to XL Rent, Inc. and to increase the authorized number of shares the corporation shall have authority to issue to 210,000,000 having a patr value of $0.001 per share, of which 200,000,000 shares shall be designated as "Common Stock" with a par value of $0.001 per share, and 10,000,000,000 shares shall be designated as "Preferred Stock" with a par value of $0.001 per share"
Looks like at least 200 million on the common stock. Which is really a great float for an up and coming RM.
The 10 Billion we need to know more about. Its preferred, but could mean they can dilute it at any time?
Also, have to take in consideration we really will not know until all is updated, but I am getting away from thinking there is such a tiny float as recorded in 2006.
Anyone else find anything regarding this? I Took a position and love these Custodian Plays.
GLTA
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