Just talked to Delaware;
A/S still 500,000,000 with 10,000,000 Preferred. So far it is impossible for the church shares to fit into that share structure. Someone mentioned Form 144 here so my guess is that the chruch shares will change ratio to the Common (100 to 1, 1000 to 1) and become part of the Preferred under the normal restrictions of Preferred shares (length of time before tradeable, Form 144, written permission, etc.).
This is still assuming that it happens at all. Lastly, there is no designation for a grey market stock. PTRZ is on the grey market according to Pinksheets, FINRA, and the SEC;
OTC Market Tier
Grey Market
Primary SIC — Industry Classification
1382 - Oil and gas exploration services
State Of Incorporation
DE
Jurisdiction Of Incorporation
United States
Company Officers
Owen Hawkins, President, CEO
SEC Reporting Status
De-Registered as of Nov 17, 2008
CIK
0001122771
Fiscal Year End
4/30
Estimated Market Cap
$15,523,761 as of Oct 7, 2009
Outstanding Shares
31,047,522 as of Mar 12, 2008
Authorized Shares
500,000,000 as of Jun 12, 2009
Number of Shareholders of Record
28 as of Aug 14, 2007
Current Capital Change
shs decreased by 1 for 74 split
Pay Date: Aug 24, 2006
Company Notes
Formerly=American Southwest Music Distribution, Inc. until 6-2009
Formerly=GL Energy & Exploration, Inc. until 8-06
Formerly=LRS Capital, Inc. until 10-01
Security Notes
12(k) Suspended by the SEC effective June 18, 2009 at 9:30am thru 11:59pm, on July 1, 2009
Capital Change=shs increased by 3.5 for 1 split. Ex-date=12/06/2001. Rec date=11/23/2001. Pay date=12/05/2001.
Capital Change=shs decreased by 1 for 22 split. Effective date=5-29-03
Capital Change=shs increased by 2 for 1 split. Ex-date=07/30/2002. Rec date=07/26/2002. Pay date=07/29/2002.
Transfer Agent
Continental Stock Transfer & Trust Company
17 Battery Place, 8th Floor
New York, NY 10004
Good luck.
History shows that one can never lose $$$ believing whatever a CEO says.
AI
