AU MIN Africa PTY Ltd. (GRYEF)

[bullcents]

Well the Reg D filing is good for raising UP TO 1 million dollars, which means they do not have to raise 1mil, but they could if they wanted to. Also, because they filed Form 15, we do not know how many underwriters this stock has because they are not required to register. The CEO plans to re-register the stock with Form 10 in Q1 or Q2 of 2008. According to the Reg D exempt filing by Rule 504 (which basically should have INCREASED liquidity) $20,000 was raised to pay off the financier (Jesse Rodriguez) and some outstanding debt the company had. Par value is $0.0001/share. The REGDEX filing got this stock trading initially, because whoever bought between Sept 1, 2007 and Jan. 1, 2008 bought these shares (also called the float).

250,000,000 shares belong to Mr Susnar

250,000,000 shares belong to Mr Chornomud

200,000,000 shares are currently on the street. These shares where the topic of the REGDEX filing and were sold from Jesse Rodriguez to MG Financial, LLC (the primary underwriter) for the amount of $20,000 at par value. One of my earlier posts outlines how the entire $20,000 sum was spent.