Summit National Consolidation Group, Inc (fka SMNC)

[zatoichi]

Is that 290 million shares outstanding as being publicly traded?

If that is so then there are a lot of naked shorts out there. According to CBS Marketwatch there are 27,923,000 shares that are publicly outstanding. According to other sources there are about 180 million shares of restricted stock. Mario Queeneville owns about 170 million shares and can sell those shares at a rate of 1 percent every 90 days.