QTFV filed a 10Q after the bell......
As of yesterday, the OS is 46,614,457 shares.
Here's a statement from the filing;
Transition To Operating Company
We have transitioned from a development stage enterprise to an operating company and have only recently begun to generate revenues from sales of our initial product NICOWater(TM). All losses accumulated from inception through our last fiscal year ended June 30, 2003 have been considered as part of our development stage activities. Although we anticipate increased revenue, we will require substantial additional financing for sales and marketing, general business
overhead, continuing research and development and obtaining regulatory approval for and the commercialization of products. There can be no assurances that our operations will be profitable or that we will be able to obtain sufficient
additional financings when they are needed, or that such financings will be obtainable on terms satisfactory to us. Our products, to the extent they may be deemed medical devices or biologics, are governed by the Federal Food, Drug and
Cosmetics Act and by the regulations of various state and foreign governmental agencies. There can be no assurance that we will maintain or obtain the appropriate regulatory approvals required to market our products.
INCREASE IN AUTHORIZED COMMON SHARES
On October 8, 2003, we filed a Definitive Form 14C with the Securities and Exchange Commission stating that our Board of Directors and shareholders of record as of the close of business on September 22, 2003 holding a majority of
the total number of outstanding shares consented to increase the number of shares of authorized common stock from 100,000,000 to 300,000,000. The par value of each such share of common stock was changed to $0.001 per share. The
Certificate of Amendment of Certificate of Incorporation has been filed with the Secretary of the State of Delaware.
"Aim low Sheriff...They're ride'n snakes"
as usual...JMHO..SMD