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Re: Drillbit post# 17174

Sunday, 06/06/2004 6:26:42 PM

Sunday, June 06, 2004 6:26:42 PM

Post# of 358440
Wrong on two counts.

That 500B was started just because Nevada states that that is the maximum that any company incorporated there can have as an OS.

Far as I know Nevada places no limit on a stock's a/s. The 500 billion figure is derived from CMKX's actual authorized. The fact that Urbie raised the figure to 500 billion suggests to some of us that he needed to issue a large amount of stock.

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