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Re: db7 post# 29

Wednesday, 05/20/2009 5:44:57 PM

Wednesday, May 20, 2009 5:44:57 PM

Post# of 65104
...they probably sold their block of shares for cash?

Not thinking that exactly.Joseph Meuse has currently received from the company 52% of the shares(3.34M) in order to control the shell,not cash.After the deal is done ,or just before, he will cash out by selling his shares.

This % number confirms that there are still 6.4M O/S. But it also tells me that there are only 3M float at the most.If the 8K is correct.

Still holding TYHR,my one and only shell play,didn't go well,lol. The thing i don't remember is: When the "corporate restructurer"(J Meuse in this case) received the over 51% majority interest in the stock,were they new shares or from treasury?

Anyway it's still risky,but the sooner the better,imo.

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