p-p:When you consider the shares after the last RS this new structure all but eliminates the ILCI minority shareholders opportunity to make any meaningful profits.
Item XIII. Beneficial Owners.
To the actual current knowledge of the present management of the Company, the chart below describes the name, address and shareholdings of all persons beneficially owning more than five percent (5%) of any class of the Company’s equity securities:
Person Class of Securities Number of Shares
Blair Krueger Common 33,333,333
MLH, Inc. Common 13,333,333
Margaret Willett Common 10,000,000
Roy Hagen Common 5,000,000
Lois Hagen Common 5,000,000
Mark Livingston Common 1,000,000
James Lucas Common 1,000,000
Jon Roylance Common 30,000
......
To put this in perspective, as I see it.
Authorized Shares: 3B
Outstanding Shares: 49,776 5/2/2008 (ref 2nd Pinksheet supplemental filing)
Calculated from old data after 100:1 Reverse split.
Restricted Shares: 25,667
Outstanding Shares: 49,776
Float Shares: 24,109
Current IAW this new information.
Restricted Shares 800,000 Shares
Blair Krueger Common 33,333,333 VS Outstanding Shares 49,776 = 66,867% above the OS.
MLH, Inc. Common 13,333,333 VS Outstanding Shares 49,776 = 26,687% above the OS.
Margaret Willett Common 10,000,000 VS Outstanding Shares 49,776 = 19,990% above the OS.
Roy Hagen Common 5,000,000 VS Outstanding Shares 49,776 = 9,945% above the OS.
Lois Hagen Common 5,000,000 VS Outstanding Shares 49,776 = 9,945% above the OS.
Mark Livingston Common 1,000,000 VS Outstanding Shares 49,776 = 1,909% above the OS.
James Lucas Common 1,000,000 VS Outstanding Shares 49,776 = 1,909% above the OS.
Jon Roylance Common 30,000 VS Outstanding Shares 49,776 = 60.27% of the OS.
Question. Am I seeing this correctly?
SharonB
