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Wednesday, December 22, 2010 3:31:14 PM
At least 93 million shares short or over 70% NSS.
"We have only scratched the surface. We believe if the independent market sees the audit, they will reach the same conclusions and if they believe what are the facts and invest,then there would be, in our opinion, only one conclusion and one result"
32 shareholders hold between 104 and 122 million shares or 79-93% of the float.
"There are 32 accounts holding more than 1MM shares and 18 holding more than 5MM shares."
18 x 5 million = 90 million
14 x 1 million = 14 million
Total of 104 million
or
18 x 5 million = 90 million
32 x 1 million = 32 million
Total of 122 million
And that is with only 32 shareholders.
"Subsequent to the report, the company undertook a sample audit of 545 accounts"
There are over 500 other shareholders holding shares.
Very obvious that much more than the float has been sold and a significant NSS exists.
There are approximately 236MM shares that can be accounted for in the market out of a total issuance of 143MM."
"We have only scratched the surface."
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