Wednesday, July 01, 2009 11:17:26 AM
Outstanding Shares
116,530,610 as of Oct 20, 2006 - for outstanding shares. I don't see the "float". The "report" shows: (iii) 150,870,610; Target Development Group has only one class of common and no preferred stock in issue.
This info: "Our executive officers, directors and stockholders who own or control more than 5% of our outstanding common stock together control approximately 95% of our outstanding common stock."
Not sure how to understand that statement. Some people were saying that the Exec's actually hold 95% of the shares and the public float is "7.5 mil." - To me it looks like the public (us) and the Exec's own 95% of the shares "together" with some owning 5% of the outstanding each.
Does that sound right? Confusing at best.
Also, if they drop the Authorized from a staggering 10 BILLION (10,000,000,000) shares to maybe 500 Million, the stock will rocket even more. That A/S amount is a big issue. I DO NOT want to see any dilution!!!
And what the hell is this .021 trades!!! Get the hell out of here with that crapola. Let's see .035 by noon guys!!!
Erik
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