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Re: realest post# 16291

Saturday, 03/03/2007 12:39:34 PM

Saturday, March 03, 2007 12:39:34 PM

Post# of 49483
I was talking about the reg D from the ICAN days. It is that filing that allows the company to sell up to $1 Mil worth of shares on the open market on an ANNUAL basis without any filing. That is why the timing of the pump was last fall. BS unaudited financials and all else. Dilute into the pump and then run the printing press full speed first quarter of '07 when another $1 Mil can be sold. Company doesn't care what the PPS is as they can R/S.

In this case the heat is coming on them big time so I believe they will let the shell die and not even bother with the RS. Let the shell sit in limbo and the so called assets vanish!
JMHO
Binzur