http://www.pinksheets.com/otciq/ajax/showFinancialReportById.pdf?id=24652 Common Stock – Fiscal Quarter ended March 31, 2009 (i) Period end date: March 31, 2009 (ii) Number of shares authorized: 100,000,000 (iii) Number of shares outstanding: 9,049,417 (iv) Freely tradable shares (public float): 1,288,255
September 8, 2009 the Company acquired all of the outstanding stock of SearchPath International, Inc. (“SPI”) in exchange for 370,304,000 shares of Common Stock of the Company.
CEO received 133,416,000 shares of the Company in September 2009 as part of the acquisition of SPI.
600,000,000 -370,304,000 <-- O/S share exchange ------------ 229,696,000 -133,416,000 <-- CEO compensation ------------ 96,280,000 <-- Original shares before the increase
Is this correct?
And so does the ~1.3 million public float, still hold true?
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