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Tuesday, January 16, 2007 5:42:52 PM
The Intro Post here says:
Share Structure:
Authorized - 200,000,000
OS - 200,000,000
Does anyone know if these numbers are correct?
In the course of my DD here, I am trying to learn the exact number of UVCL shares:
1.) Issued and Outstanding
2.) Authorized
I would appreciate sincere responses. I literally spent over 45 minutes on the phone today with no answer to these 2 questions. I first contacted Mellon Investor Services, they said they are not Transfer Agent, that Wells Fargo is and gave me a phone numnber.
Both companies told me that they are not Transfer Agent for UVCL.
The reason I want to know is from the November 15, 2006 10Q:
NOTES PAYABLE - RELATED PARTY TRANSACTIONS
On March 31, 2006, the Company entered into a secured promissory note with Sean Y. Fulda, the CEO and Chairman of the Company in exchange for $250,000 of accrued salary. The note is due within sixty (60) days and accrues interest at twelve (12%) annually. The note can be converted into common stock after the due date at the request of the Holder. As of November 10, 2006 the note would convert into approximately 25,000,000 (twenty five million) shares if converted at the current price of $0.01 (one cent) per share.
Question: Did Fulda already convert to the 25 million shares? If so, how can that be done if the current Authorized and Outstanding are equal and already maxed out?
Anybody know?
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