Cartel Blue Inc (CRTL)

[cwynn]

All O/S would be affected by any split, restricted or not...

You don't normally really need 51% of a "real stock" to functionally control the underlying company, but in the "Alice in Wonderland" world of the pink sheets you might!

As I recall, doesn't the ceo control the only voting shares? If so, he can do what he likes. Here's an example: let's say that he had a "management" or some kind of "performance" contract that was supposed to pay him X number of dollars a year. He could elect to take his "bonus" or "earned pay" in $.0001 common stock based on a recent closing value and thus put a gazillion or so shares in his pocket while explaining that he did it to protect the cash position of the Company. My point is that there are numerous ways for the ceo to collect just about as much treasury stock for himself as he might want, without a qualm.

Nothing would surprise me here anymore....!