Metro One Development, Inc (MTRO)

[charhorse]

I received a letter from the company on July 27 2007 informing me of the intent to increase the authorized shares from 500,000,000 to 1,000,000,000.
I could post a link to that letter of intent however that may not be appropriate as it was intended for shareholders, and the public filing really is what counts.
I try to read all the filings.
I would really like to know the actual available float, Are we actually sure that the CEO is selling any of his shares?

From the aforementioned letter
As of the Record Date of July 19, 2007, we had authorized 500,000,000 shares of common stock, of which 171,226,779 shares were issued and outstanding.

Name and Address of Beneficial Owner (1) Common Shares
Beneficially Owned
Percent of
Class (2)
Stuart Turk (3) 222,913,734 56.56%
The Cellular Connection (4) 211,833,400 55.30%
Evan Schwartzberg 200 *
Ralph Magid 200 *
All directors and current executive officers as a group (three people) 222,914,134 56.56%