Coattec Industries, Inc. (CTCK)

[CheezyTang]

WOW....

i have been holding shares since 2005...and i never got a reverse split or anything.

how can they have 9+ billion on 10/13/2005, as listed on pinksheets and now have only 34 million.

here is a financial report from CTCK in 2005

http://www.coattecindustries.com/COATTEC-FINANCIAL_STATEMENTS_AS_OF_OCTOBER31,2005.doc

here are # shares as of 10/31/2005 from their financials.

Balance – October 31, 2005 7,837,760,000


of course, their financials are severely out of whack.

i love this:

Common Stock: 50,000,000 shares authorized with a par value of $.0001; Preferred Stock: 50,000,000 shares authorized with a par value of $.0001; 7,837,760,000 common shares issued

50 million authorized...
7+ billion issued and outstanding...

make sense to you?

this would be dilution and a violation i would presume.