MTG,
How can it be that shares held in escrow for the benefit of GG can be unissued??
They HAVE to be issued to be placed in escrow account for crying out loud! The very recent 14A tells us that
"As of the Record Date, there were 5 billion shares of Common Stock authorized with a stated value of $.0001 per share, of which approximately 920,558,174 are issued and outstanding, with 4,079,441,826 shares authorized but not issued. Of the 920,558,174 shares issued and outstanding 780,678,923 shares are held in an escrow account for the benefit of Golden Gate Investors, Inc. These shares were issued as settlement on convertible debentures and as part of a stock purchase agreement."
The filing says clearly the number of AS the number of OS and even tells us the number of shares NOT authorized! for those who cant subtract. Reading this board has become exasperating, frusterating and....sad..
Are you saying the the filing made just a few days ago is incorrect???