InvestorsHub Logo
Followers 63
Posts 14414
Boards Moderated 0
Alias Born 07/19/2003

Re: rocketeer357 post# 29022

Tuesday, 09/29/2009 5:44:42 AM

Tuesday, September 29, 2009 5:44:42 AM

Post# of 35633
8-K says restricted shares, not preferred...
http://www.pinksheets.com/edgar/GetFilingHtml?FilingID=6811242

Other info from filings:

"Preferred stock, par value $0.001 per share, 10,000,000 shares authorized and no shares issued and outstanding"
Page 4 of last submitted Quarterly Report Sept. 30, 2008.

Page 26 says some issued in 1995, but converted to common...
http://www.pinksheets.com/edgar/GetFilingHtml?FilingID=6252152

Page 44:
As of September 30, 2008 and December 31, 2007, the Company had 41,668,875 and 38,018,544 shares issued and outstanding.

For the nine months ended September 30, 2008, the Company had issued the following stock:

- 755,000shares of LTC preferred shares have been subscribed to and accepted, but none of the shares were issued as of September 30, 2008.

- 830,668 shares issued in conversion of notes payable, accrued interest and discount on conversion in the amount of $519,180.

- 1,186,650 shares issued for cash in the amount of $1,027,900.

- 51,155 shares issued for conversion of warrants in the amount of $93,666 which were expensed in the nine months ended September 30, 2008.

- 114,916 shares issued to a former owner of a subsidiary of the company for its investment of $60,000 plus interest that was accrued for $43,350 (total investment $103,350).

- 195,902 shares were issued for $174,359 for services.

- 371,020 shares were issued for the purchase of CCTI valued at $434,093.

- 600,000 shares were issued to current non-principal shareholders to replace their shares that were used to collateralize a note payable of $450,000.

- 300,000 restricted shares to non-principal shareholders to replace unrestricted shares held by those shareholders. Due to timing issues, these restricted shares had not been issued to the shareholders as of September 30, 2008, therefore the Company chose to record them as treasury shares.

Form 4 on 9/23/2008 Robbins' total shares common = 3,070,875
http://www.pinksheets.com/edgar/GetFilingHtml?FilingID=6163567

Cash is King until further notice!!!

My comments on companies are usually my opinion of long term success (years). The PPS may go up or down greatly in the meantime depending on the number of greedy suckers with money.

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.