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Tuesday, December 11, 2007 4:34:43 PM
Par Value for Common Stock is $0.001 according to the most recent disclosure statement released by the company.
WRII only has one class of stock, no preferred stock at this time.
Initially 2.2 billion shares were issued and outstanding. Of the 2.2 billion, 2 billion shares were a Restricted Control Block (by Rule 144), i.e. restricted from sale for 2 years.
On September 27, 2007, 1.5 billion shares were retired (these shares are considered authorized but unissued), which are restricted from being sold to employees of the company. If these shares are sold, the transaction must be filed with the Securities & Exchange Commission, regardless of the company's SEC status.
Currently there are 701,011,000 Outstanding Shares.
500,000,000 of the O/S are restricted---owned by Mr Susnar and Mr Chornomud, restricted from sale for at least 1 year.
201,011,000 of the O/S are non-restricted common shares currently on the street (these shares are currently consider 'the float'). These shares were introduced to the market in August of 2007 by a private placement transaction between Jesse Rodriguez (former CEO) and MG Financial, LLC (http://ainmanagement.com/). MG Financial, LLC uses a number of market makers. The most recent transactions have been conducted by Knight Equity Markets, L.P.
SEC Filings:
Private Placement filing which notes the transaction between Jesse Rodriguez and MG Financial, LLC, 2007-08-20:
http://www.sec.gov/Archives/edgar/data/710118/999999999707038060/9999999997-07-038060-index.htm
here is the seller
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