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Re: Tstorm post# 1105

Monday, 11/08/2010 9:07:32 AM

Monday, November 08, 2010 9:07:32 AM

Post# of 4570
As far as we know yes. Ssparsons confirmed the info with the CEO back in May.

Also, per the last 10-Q there are 80,000,000 O/S
56,000,000 shares of its common stock are held by the founders of the Company.

In May 2010, the Company issued 10,000,000 shares of its common stock to a Director for services, these shares are restricted.

"Mr. Gronich has informed me the shares were issued to an insider, and the Rule 144 will apply for six months. However, only 1% of the outstanding shares can be sold by the insider every three months.

That would equal a distribution of only 100,000 shares every quarter."
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