Aquagold International Inc (AQUI)

[Bull Trader]

THIS IS FROM THE LAST 10Q FILED BY THE OLD ONMC THAT YOU WERE STUCK IN:

Shareholders' equity: (Note 6)
Preferred stock par value $0.0001, 10,000,000 shares
Authorized, none issued and outstanding at November 30, 2001
Common stock par value $0.0001 100,000,000 shares
authorized; 48,554,712 issued and outstanding at
November 30, 2001

So as you can see the outstanding shares were 48,554,712.
The float was around 16,000,000. So the stock you were trading around (or as you say: "were held by investors like me") before the 504 was part of the original share structure of the OLD company. The shell guys increased the A/S with the NV SOS and then filed the REG D 504 to increase the float effectively adding liquidity to the share structure and allowing them to sell stock to you, me, and whoever they wanted to in order to raise the money needed to consummate the merger with Aquagold.