Then explain this from the latest 10Q ...
Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date: 53,595,010 shares of common stock, par value $.0001 per share, outstanding as of November 10, 2010 which does not include 120,000 shares of common stock held in treasury.
And this...
NOTE 9 —SUBSEQUENT EVENTS REVIEW
The Company has evaluated all subsequent events through November 12, 2010. The Company has completed the “off-shore” private offering of its common stock to investors who qualify as “Non U.S. Persons” under Regulation S of the Securities Act of 1933. This offering for 50,000,000 shares of Common Stock at a price of $0.02 per share has generated gross proceeds to the Company of $1,000,000.
