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Re: mAjOr dAmAgE post# 14135

Tuesday, 09/11/2007 8:43:21 AM

Tuesday, September 11, 2007 8:43:21 AM

Post# of 19921
I know they sell reg d shares below market to outside entities (accredited investors registered in Minnesota is the usual way). Typically, I think they get half market. But I can't deny it's a definite possibility, selling to associates for much less than half market, so they can cash out. That would allow for a higher number of shares, but there is no way to know.

A while back, they posted a merger document on the Florida sec state website, for JMCP aquisitions corp, when the gold mine was brought into JMCP. It listed all the former mine owners, and the total shares given out was just under 50 billion.

I do not think it's still available for viewing, but you can see it on the old posts on the Yahoo Finance message board for JMCP.

Just another possibility.