Simulated Environment Concepts Inc (SMEV)

[Son of Jr]

I got the transfer agent to update us on the share structure and now we know why the old share structure showed 11 billion authorized shares and why the dreaded R/S was needed. It seems the figures that we had were incorrect to say the least. The previous incarnations had issued over 8.7 billion, yes that's with a B, shares. So we have a company with 85.7 million O/S and a float of 24.7 million. Not quite what I was hoping for but not that huge of a surprise knowing what crooks the 5th Avenue Channel (FAVE) guys were either.

On the positive side we do have a real company whose officers put up their own money to form. They have two U.S. patents, one European patent and a registered trademark for both. They also have a current financial statement as of Sept 2007 showing that they are making a small profit and they do have big plans to take this company forward. The new PR and IR firms were retained to make things happen so we will have some news fairly soon.
-SOJ-