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Re: shaw post# 481

Friday, 04/20/2007 8:16:35 PM

Friday, April 20, 2007 8:16:35 PM

Post# of 926
I apologize my mistake!

I must apologize that after reading all those pages I truly thought the shares will be around 102 to 114 million. In the end the company says this:

The Company currently has authority to issue 500,000,000 shares of its capital stock, consisting of 400,000,000 shares of Common Stock and 100,000,000 shares of Preferred Stock, 5,000,000 of which have been designated as Series “A” Preferred Stock. Immediately prior to the Contribution Agreement and taking into account the forfeiture by Ms Pineda of 22,500,000 shares of Common Stock (as described below), there were 10,000,000 shares of Common Stock of the Company outstanding. Following the consummation of the Contribution Agreement, the total outstanding shares of the Company’s Common Stock on a fully-diluted basis is 102,500,000 shares, which includes 25,000,000 shares that may be issued upon conversion of the Series “A” Preferred Stock and 2,500,000 shares that may be issued upon the exercise of the warrants issued in connection with the Warrant Issuance).

The only way I will consider this investment is at 0.005. somebody said that before, he was a genius and he was quite right.

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