Tuesday, July 20, 2010 1:35:35 AM
after friday action on STHG a filing has hit Pinksheets.com
http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=34003
STHG converted 630,000$ (debt)in 20 million restricted
shares@0.0315 per share$$$$$$$$
from pinkseets:
july 15
Since December of 2008 the company has made efforts to execute a transaction with previous board
members for the conversion of $630,495.33 into 20,000,000 common shares of Stratton Holdings, Inc.
Due to the lack of clarity provided in certain SEC provisions and conflicting legal opinions from legal
counsel it was determined to issue the debt holders 20,000,000 shares of restricted stock. This stands
until further clarification and resolution is provided and agreed upon by legal counsel to ensure the
company abides by SEC regulations regarding exemptions and how they relate to the issuance of
unregistered free trading shares.
Total Authorized: 795,000,000
Total Outstanding: 701,056,686
Total Restricted in Cert Form: 164,404,282
Total Non-restricted in Cert Form: 60,474,330
Total Free Trading Shares: 476,188,074
Share Structure as of 15 July, 2010
on the Top of this great NEWS the main Question is :
What this lender eyes has seen to accept converting 630,000$ into 20 million restricted shares @ 0.0315 per share while the price is still trading under 0.01!!!!
10 cents and better prices are inplay here
Balamidas
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