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Tuesday, February 27, 2007 10:58:44 AM
Revisiting Cash Now Corp.
http://www.antandsons.com/2007/02/revisiting-cash-now-corp.html
This appeared to be an interesting story unfolding, and so we went straight to the source to find out more. Here is what a corporate spokesperson told Ant & Sons;
The corporate name and CUSIP number change will happen once the legal work is complete. In regards to ongoing inquiries on the potential of a large short position in the company's shares, it was confirmed that the company has identified a short position, and as of a few weeks ago, that short position is estimated to be approximately 1 billion shares (we have not been able to verify this number.)
Over the next few days, the news flow should continue to be rather steady, updating shareholders on previous corporate developments. One fact to hold on to is that the share structure numbers that were last posted on the Pink Sheets website, remain the same, indicating that there has not been any dilution in the past few days (coincidentally that is when the share price has started to rise substantially). Brace yourself, nonetheless, because the numbers are quite substantial. The authorized share count stands at 5 billion shares, with 4.3 billion shares outstanding and a publicly traded float of 3 billion shares. However, we are not sure how long those counts will stay the same as the company reported this morning that it plans to compensate its executives not with a cash salary, but with shares of common stock.
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