Angel Acquistion (AGEL)

[LandLord]

This scam has to be over soon.

50K revenues for a billion shares?

a year ago PALL approved increasing the authorized shares from 50 Million to 1 BILLION. (The biggest red flag.)
http://www.sec.gov/Archives/edgar/data/1082822/000101540203002651/doc1.txt



http://www.sec.gov/Archives/edgar/data/1082822/000101540204001717/doc1.txt

4. Approve amendments to our articles of incorporation to increase the authorized number of shares of our common stock from 1,000,000,000 to 9,000,000,000 shares; and

5. Grant discretionary authority to our board of directors to effect a reverse stock split of our common stock within a range of up to one post-consolidation share for each 250 pre-consolidation shares.

......As of the record date 288,500,000 shares of our common stock have been issued under the Stock Plans.



Someone lost count or didn't read. No one was counting all the S-8s as they were filed.

As of April 15, 2002, there were 10,217,857 shares of Common Stock issued and outstanding

shares outstanding of each of the registrant's classes of common stock as of December 31, 2003: 569,107,857 shares.

As of May 10, 2004, we had 836,152,857 shares of our common stock outstanding. (another S-8 for 300+K after this filing)

This latest filing puts them over the BILLION mark, so they do need that A/S raised to 9BBillion or they have "discretionary authority" for reverse splits.

Very Bad investment.