Dutch Gold Resources Inc. (fka DGRI)

[doc4261]

from 10 q on nov 12th ,


The former holders of the Shamika Shares now beneficially own approximately 51% of the outstanding shares of our Common Stock. Accordingly, the Exchange represents a change in control. Dutch Gold Resources, Inc. retained 4,950,000 shares of Shamika Gold, Inc. These shares are carried at the lower of cost or market value whichever is less for financial reporting purposes. Market value at September 30, 2010 was $1,237, 500.The former holders of the Shamika Shares now beneficially own approximately 51% of the outstanding shares of our Common Stock. Accordingly, the Exchange represents a change in control. Dutch Gold Resources, Inc. retained 4,950,000 shares of Shamika Gold, Inc. These shares are carried at the lower of cost or market value whichever is less for financial reporting purposes. Market value at September 30, 2010 was $1,237, 500.


so as of sept 30 we had them still after split
Market value at September 30, 2010 was $1,237, 500.