Spotlight Innovation Inc. (fka STLT)

[Ecomike]

Something quite strange in the SEC reports today!!!

This figure consists of 274,500 shares of common stock held of record by Parklane Investments, Inc., of which Nicholas Thompson is the sole officer and director, thus having sole dispositive and voting power over the shares. The 274,500 shares of common stock were increased to 16,470,000 shares of common stock of the Issuer in accordance with forward stock splits as follows: (i) 20 for 1 as approved by the board of directors of the Issuer and effectuated by FINRA on approximately March 11, 2008 resulting in 5,490,000 shares held of record; (ii) 1.5 for 1 as approved by the board of directors of the Issuer and effectuated by FINRA on approximately May 29, 2008 resulting in 8,235,000 shares held of record; and (iii) 2 for one as approved by the board of directors of the Issuer and effectuated by FINRA on approximately July 15, 2009 resulting in 16,470,000 shares held of record. On October 5, 2010, the reporting person finalized execution of five separate share sale agreements to sell an aggregate of 15,000,000 shares to five unrelated parties

http://ih.advfn.com/p.php?pid=nmona&article=44721768&symbol=NB^MNLU

http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=7185848

http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=7185852

Does any one else have any idea what the rest of the story is on this? My read is that it was a private transaction, not retail stock traded, but the price, and the rest of the story I find bizzare and incomplete!