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Re: Apophis post# 34574

Monday, 08/18/2008 5:40:28 PM

Monday, August 18, 2008 5:40:28 PM

Post# of 35788
Apophis: Ed told me some while ago that the books were a total mess when they got them. And one of the problems they wore trying to sort out was how many shares had been issued to Lancaster/Wadkins, and were they legit to do so. For example, if Lancaster/Wadkins were issued shares in exchange for money they had given toward company expenses, that would be appropriate, but if they just printed more shares for the heck of it, thay was not. So, thats one of the things Ec and Stephen were working on was to go backward up to several years trying to match up receipts, invoices, etc. to try to figure out was was legit or not, and I can appreciate that is a time consuming task. Then on top of that, were those shares restricted, if so, for how long. When we talked about this, he was not aware that there were any requests to unrestrict their shares, but my conversation with him was a month or 2 ago. It was their (Ed and Stephen) to cancel all shares not issued for legit reasons, once those could be identified in light of the above...
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