Effective July 1, 2007, the Company's majority shareholder, Seaway Capital, Inc., converted 308,234,884 shares of Company common stock into 21,750 shares of Company Series B preferred stock. Taking this conversion into account, Seaway now beneficially owns 100,000 shares of the Company's Series B preferred stock. A full description of the rights and privileges accorded to the Company's Series B preferred stock is provided in the Company's Form 10KSB for its fiscal year ended December 31, 2006.
After this conversion is effected, the Company will have approximately 186,099,879 shares of common stock outstanding and 100,000 shares of Series B preferred stock.
i dont know what a "top gun set up" is but in case you were interesetd
this is dedicated to the CEOs of crappy penny stock scams
Dishonesty Proverb 20:17 "What you get by dishonesty you may enjoy like the finest food, but sooner or later it will be like a mouthful of sand"
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