Watchit Technologies, Inc.(fka WTCT)

[blademan]

Well: Still, not a bad SS per PR in Nov:

WatchIt Technologies Board of Directors Addresses Trading Volume
9:08 am ET 11/24/2010- Market Wire
ARDEN, NC -- (MARKET WIRE) -- 1½4/10 -- The Board of Directors of WatchIt Technologies (PINKSHEETS: WTCT) announced in a press release on November 22, 2010 that it had reduced the issued and outstanding shares of their common stock by 550 million shares. The result of the action reduced the company's common shares from 1,140,093.993 to 590,093,000 and created an unexpectedly high volume of trading over the last two days. According to the company, there have been no new shares issued, no notes converted nor any conversions of preferred stock.

The company stands by its decision to reduce the number of shares in an effort to increase shareholder value. Of the approximately 590,000,000 shares that are now in the issued and outstanding category, approximately 350,000,000 are restricted. The public float remains at approximately 250,000,000 shares.