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Re: SilverEagle post# 84

Monday, 01/05/2009 10:11:37 AM

Monday, January 05, 2009 10:11:37 AM

Post# of 4413
Here's something else I found, whatever the float is I would say it's small and why with volume the pps will be on rocket fuel:)

The Company, Shouren Zhao, Timothy Crottey and the Ren Subsidiaries consummated the Share Exchange on November 1, 2007, and the Company, Shouren Zhao and Timothy Crottey consummated the Share Purchase also on November 1, 2007. Pursuant to the Share Exchange, Shouren Zhao acquired 55,000,000 shares of common stock from the Company under an exemption from registration afforded by Regulation S of the Securities Act of 1933, as amended, in exchange for 100% of the share capital of Ren Ji Cement Investment Co., Ltd. Pursuant to the Share Purchase, Shouren Zhao acquired 18,500,000 shares owned by Timothy Crottey in a private sale for $540,000.00. As a result of the two transactions, Shouren Zhao acquired 73,500,000 of the 78,832,064 issued and outstanding shares of common stock of the Company, representing 93.2% of the issued and outstanding shares.[b/] No other directors or officers of the Company acquired any shares of common stock in these transactions. Shouren Zhao was also appointed the Chairman, Chief Executive Officer and President of the Company.


On January 23, 2008, Shouren Zhao transferred 55,000,000 shares of common stock to twenty-one investors in a Regulation S distribution at a purchase price of $.50 per share, including a director, his wife and their two children.[b/] Shares were also transferred to members of Zhao’s family at no consideration. The beneficial ownership table set forth in Item 12 of this Annual Report, provides information on the individuals who became beneficial owners as a result of these transfers. Their Schedule 13D’s are a matter of record.



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