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Re: Ryan Industries post# 17239

Thursday, 11/15/2007 1:45:19 PM

Thursday, November 15, 2007 1:45:19 PM

Post# of 29782
PQL, any help here?


For those of you that have been around a while,

Help me out here I can't find out some info about the origination of the CO.

It was Vision Works, then they did a huge reverse split, then JB got involved and there were new shares on the market.

Question is: Did the CO issue shares in an IPO at $.50 or so, or did the shares that are now trading come from somewhere else, like otherwise trading shares that were then sold for $.45 to the public from other shareholders that got them for $.01?

The question is really, did the CO get a substantial infusion of cash at the rebirth as PHGI, like $15,000,000 (say 30MM shares at $.50) or did shareholders get to sell the shares at $.45 and down?

This would help answer some questions about what kind of share the co is in and what it can accomplish
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