"I’m out of the office until Monday taking some time off. I’m getting allot of emails showing up on my PDA about the A/S increase. I am not at home and out spending time with my family. Can you post this letter on Ihub so that people will have the information that I have. First off, everyone needs to understand that the pro forma numbers we used were based on 957M shares which we felt was a worst case scenario. I believe we will be able to reduce that number some but I wanted to give investors the worst case possible. I’m going to give the entire share structure as I know it to end any speculation. The transfer agent is not gagged but simply has a policy against giving out information on Pinksheets. I have full access to the transfer agent and will be glad to give shareholders updates bi-monthly. Here is the current share structure."
"That brings the total O/S to about 957M with a 318M float. The A/S was increased to 1.5B to insure there was adequate room for conversion of any shares and to allow for some additional treasury shares for future growth. Please use the 957M figure when doing your fundamental analysis. Tell everyone that nothing has changed and we are still looking at .001/.004 earnings once production starts. Production however may not start for several months so the Company may need to do some bridge loans. Equity may be used to secure these loans but we are not dealing with Carnes anymore so any financing we do will be the best deal we can get. I’m sure those who would like to see the Company fail will be out in full force over the weekend spinning the A/S increase. Do not expect a press release because this is information I have readily given anyone who has bothered to contact me. For those who want answers they need to contact me and not read the latest gossip on the message boards. I am the only one authorized by the Company to give information to investors. If folks have questions they need to ask me.. not some anonymous poster on a message board. Again, I will be out of the office until Monday.. I need days off too."
"The reality is, the company sold its last tranche over a week ago. I just got off the phone with the transfer agent at 1:27 pm CST and the share structure is 950,564,603 shares. This tells me Signature Leisure has received their shares. I have never mislead anyone and stated many months ago that the O/S would grow to approx 977M. Well we are actually 27M less that my previous estimate. If you have issues with the share price I suggest you contact Signature Leisure and ask them to quit aggressively selling the stock. Neither I nor the company can control the market."
"Some shares have been converted from the previously mentioned promissory notes and may be entering the market. I will be updating everyone on the share structure in the next press release. For now, continue to use the 977M O/S figure as this is the total number of shares that could result from conversion. The stock will remain volatile until the last of the conversions are done. Once these conversions are done the stock should be able to breath and trade correctly."
"My original projected estimation was between 957-977M shares. We later revised that to 1.1B-1.2B because the drop in share price had caused the possibility of additional shares needed to complete the total financing"
