Cannon Exploration Inc. (fka CNEX)

[jfburk]

Ok, here is the side by side

9/23/2010

Free 1,489,176,152
Restricted (Common) 50,000,000
Restricted Preferred) 130,000,000
Outstanding 1,669,176,152
Authorized Common 3,500,000,000
Authorized Preferred 1,200,000,000

9/21/2010

Free 1,219,176,152
Restricted (Common) 50,000,000
Restricted Preferred) 130,000,000
Outstanding 1,399,176,152
Authorized Common 1,400,000,000
Authorized Preferred 400,000,000

270MM increase in Free trading shares

3.5 billion A/S vs. 1.4 billion A/S 2.1 billion increase

Now the question is what did the company get for the increase in shares?