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Re: joe00trader post# 32012

Friday, 11/12/2010 12:25:56 PM

Friday, November 12, 2010 12:25:56 PM

Post# of 39048
On January 4, 2007 the company raised it's number of authorized shares to 6,000,000,000 shares.

http://sunbiz.org/pdf/H0002544.pdf

Despite doing two reverse splits 500:1 on 1/29/07 and 200:1 on 12/3/08 to significantly reduce the number of outstanding shares they still had to increase their number of authorized shares again to 8,000,000,000 on 12/31/09.

http://sunbiz.org/pdf/63714389.pdf

And despite raising the number of authorized shares to 8,000,000,000 on 12/31/09 the company still had to do another 500:1 reverse split on 6/7/10 to again reduce the number of outstanding shares.

I think that pretty much verifies the extremely high number of shares that were being issued.