ADVC...in advance of wed. trading
I'm totally burried here and should be talking this pig
up so as to see it fly just one more time...but I just
went through the 10sb and found out why it's been
mired in the muck for the last few months in full view
of all it's achivements...
"On September 25, 2006, under employment agreements entered into with two executives, an aggregate of 100,000,000 restricted shares of the Company’s common stock were awarded at the closing price per share at the date of grant. The shares were valued at $.0009 per share or $90,000 in the aggregate of which 20% vested immediately, with 30% and 50% to vest on September 26, 2007 and September 26, 2008, respectively, subject to continued employment. "
then...
"
The issuance of shares upon any future conversion of our outstanding Convertible Preferred Stock will have a dilutive impact on our stockholders. Subject to adjustment, i f all of the preferred stock were converted on the date of this Report, we would need to issue approximately 102,800,000,000"
How do you spell ONE HUNDRED AND TWO BILLION ???
and THEN...
A/S...5billion---O/S...4,999,999,999.
Looks like they have just ONE SHARE LEFT !
ALSO looks like WE...the shareholders are JUST about to get
thrown under the bus here...as a matter of fact...I'd be
willing to bet ever one of the, I forget how many millions
of shares I hold here, that I'll have tire tracks right
across MY BACK by the end of the month...if not WEEK ?
catmaniac
PS...the only hope that I hold here is that they will
pump this one up just before the R/S...the news that
came out after market Tues. looks like a very weak attempt
to do just that....
trading these ugly grease covered pigs is BAD ENOUGH...
I'll never "invest" in another pink sh**t stock EVER AGAIN !
I've learned my lessons the hard way...the hardest way....
"don't take your cash to town son...leave your cash at home"
Vana Catman fondles his mellons...
AI
