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Re: CharlesWeb10 post# 17462

Thursday, 12/23/2010 3:05:28 PM

Thursday, December 23, 2010 3:05:28 PM

Post# of 21815
Charles,

I really don't know for sure but my guess is that it was as of 9/30/10.

Page 3 of their Q3 report they had it listed as 875,407,343 issued and outstanding.

Then on page 6 they have it listed as 1.6B issued and outstanding but they did show a decreased in their outstanding liabilities.

Then they listed it again as 1.6B in the write-up that I previously posted on Page 20.

Bottom line is they collected about 729K from the sale of stock in Q3 and from what I can tell the lions share of cash went to pay off debt including "Additional paid-in-capital" of 384K from what I see.

Full Disclaimer: I am no accountant so maybe someone smarter than I can shed more light on this.

Happy holidays and GLTA!!