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cta751:Not sure where you found the O/S numbers?

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thealicemay   Thursday, 05/17/07 09:42:35 AM
Re: cta751 post# 351
Post # of 371 
cta751:

Not sure where you found the O/S numbers? The O/S equals the authorized of 500MM. The Series F preferred have the effect of bring the O/S to 1B shares.

You'll find more information about MRKL if your read the SEC filings for TCNH. Here's a good start.

http://www.sec.gov/Archives/edgar/data/1077800/000101968707000749/technest_sb2a1-031407.htm

You also need to investigate the Series E preferred shares. The only asset of value MRKL owns is TCNH stock. MRKL is nothing but a shell. Here's a breakdown of the TCNH shares held by MRKL.

10,582,000 -- MRKL's TCNH shares
4,640,194 -- Escrowed for Series E Conversion
1,739,130 -- Escrowed to secure TCNH loan
500,000 -- Grants to Tarini
500,000 -- Grants to Pereira
----------
3,202,676 -- Remaining Shares

TAM

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