Fortitude Group, Inc. (FRTD)

[fffat]

1,850,000 float?

see below from 10q


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as of November 5, 2010, there were 12,992,216 common shares outstanding.

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On August 26, 2010 the Company entered into an asset contribution agreement with William Andrew Stack, Jeremy Stobie and John Stanton to acquire all of the intellectual and actual property related to the “Spur Ranch” equestrian line of business. These assets included: Spur Ranch Logo, Spur Ranch Enterprise Development Plan, Spur Ranch Development Conceptuals, Spur Ranch Lakecliff Plans and Platting, Architectural Renderings, Spur Ranch Opportunities, Inside Polo Trailers and Footage, Polo Photographs and Media (collectively the “Spur Ranch Intangibles”). Management believes that the cost basis for this property was in excess of $300,000, however, due to the special use of some of the intangibles, Management elected to record the total value as $100,000. 1,000,000 shares of the total issuance of 11,100,000 were recorded for financial statement purposes in exchange for the contribution of the Spur Intangibles, which reflects a transaction price of $0.10 per share.

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As a result of the two transactions above the following shares of restricted common stock was issued to the following persons:


Restricted Common


Shares Issued

Mr. Andrew Stack
5,600,000
Mr. John Stanton
2,750,000
Mr. Jeremy G. Stobie
2,750,000
Total
11,100,000

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Immediately after the asset contribution agreement the total issued and outstanding shares of common stock was 11,142,216.