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Re: Molotov post# 641

Friday, 01/07/2011 10:16:39 AM

Friday, January 07, 2011 10:16:39 AM

Post# of 10789
The company just printed 800 million shares

From 8k filed 1/6/11:

Prior to the Exchange, there were 64,989,807 shares of common stock issued and outstanding."

"The Company is authorized to issue 10,000,000 shares of preferred stock, par value $.0001 per share, Prior to the Exchange, there were 0 shares of preferred stock issued and outstanding. In connection with the Exchange, the Company issued 500,000 shares of series A preferred stock in exchange for the issued and outstanding shares of common stock of Shogun. Each share of series A preferred stock shall be entitled to 1,604 votes per share and shall be convertible into 1,604 shares of the Company’s common stock. Upon filing an amendment to the Company’s certificate of incorporation to increase the number of shares of authorized common stock so that there is an adequate amount of shares of authorized common stock for issuance upon conversion of the series A preferred stock (the “Amendment”), the shares of series A preferred stock will be automatically converted into an aggregate of 802,000,000 shares of the Company’s common stock."

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