Sounds to me from todays PR that most of the 50 million shares OS are being sold/transferred to Haleys Comet Casino people as part of RM.
History of "APAD":
In 2000, AdPads Incorporated was engaged in the business of providing its customers with specialized marketing services. This business venture never achieved its goals, and on December 6, 2001, the Company had entered into an agreement with a potential reverse merger partner known as Blue Flying Fish, Inc. On January 16, 2003, a "Preliminary Copy" of an Information Statement was issue by BFFI, in which new Management had set forth their business plan. That was the last publicly issued statement, and, shortly thereafter, BFFI Management abandoned their corporate office in New Jersey.
Since then, and for almost five years, AdPads has been a nonoperating, dormant, although trading, public "shell." The trading range for AdPads stock has been from a high on $1.40, in the first quarter of 2000, to a low of $. 001 (one mil)
As the majority of the issued and outstanding shares of APAD are represented in the Reverse Merger plan, it will not be necessary to obtain prior shareholder approval, and, therefore, a proxy vote will not be needed to effectuate this transaction.
