InvestorsHub Logo
Post# of 204508
Next 10
Followers 5
Posts 895
Boards Moderated 0
Alias Born 03/11/2007

Re: DFLY post# 110045

Friday, 08/13/2010 2:23:26 PM

Friday, August 13, 2010 2:23:26 PM

Post# of 204508
SEE BOTTOM !!!!Because the Company only has 4 billion authorized shares of common stock, of which 1,681,137,312 shares are issued and outstanding, and because $1 million of Ms. Chassman’s convertible notes (or Series 3 Stock) issued by the Company are now convertible into 5 billion shares of its common stock, full conversion of these notes (or shares of Series 3 Stock) also requires that the Company increase the number of shares of common stock it is authorized to issue. Accordingly, the Company is seeking approval of the second Amendment, which will increase the authorized shares of common stock from 4 billion to 20 billion.

################################################################################################

As of June 24, 2009, there were outstanding 1,681,137,312 shares of our common stock...
http://ih.advfn.com/p.php?pid=nmona&cb=1263418489&article=38506674&symbol=NO^SCLL

(As of Jan, 2010), there are currently 2,844,387,312 shares issued and outstanding...
http://ih.advfn.com/p.php?pid=nmona&cb=1263418830&article=41095210&symbol=NO^SCLL
Join InvestorsHub

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.