Here is what is happening -- All in my opinion, of course
1. Previous PR stated the Share Structure as O/S = 3,063,988,456 and A/S = 5,000,000,000 (Dec 20th PR)
2. Company PR's that it is going to reduce O/S by 1,100,000,000. These are common shares held by David Lovatt and Sarah Lovatt.
3. Company PR's that they have reached a financing agreement with a lender for up to $1,000,000 -- (504 funding) -- we gave them shares in exchange for cash.
4. Cash is needed for VizualMobile development, which should be nearing completion and hitting the market soon, but had to pay for it.
5. CLDR issues approximately 500,000,000 shares to lending company (504 lender) -- probably at a discount to .0001. Company gives us cash up-front and takes shares which they can sell immediately for .0001 and make a profit on their lending.
6. Money gained is used for VizualMobile development.
7. At the same time, CEO trying to get paperwork run through State of Florida for reduction in both A/S and O/S. O/S reduction has to go first so we don't end up with more shares O/S than A/S.
8. If you were to have checked with the T/A, the O/S was increased by approximately 500,000,000 last week, and on the very same day in the afternoon, the O/S was reduced by 550,000,000. This was the 500,000,000 issued to lending company, and the first half of the 1,100,000,000 common shares being reduced. In one day, we went from about 3Billion O/S to 3.5Billion O/S and back to 3 Billion O/S
9. Company PR's today that the O/S reduction of the first 550,000,000 shares hit, and the next 550,000,000 shares will be during this week.
10. Current SS is (approx) 3,000,000,000 O/S and 5,000,000,000 A/S. If you notice, this is pretty much the exact number we started the year out with. Big difference being that we now have about $40-$50K in cash from the lending company to finance VizMob.
11. By the end of this week, we will reduce the O/S by another 550,000,000 shares, making the O/S 2,450,000,000 (approx) and the A/S still at 5,000,000,000.
12. Company PR'd that the reduction in A/S should take place on 31st of January. That will take A/S from 5,000,000,000 to 3,000,000,000
13. Share Structure at the end of January -- 2,450,000,000 O/S and 3,000,000,000 A/S
Of course, this is ALL MY OPINION, but I have put a lot of time into DD'ing this one, and I believe that my numbers are pretty darn close.
If the above is true, the sky isn't falling as some would have you believe. In fact, the sky is looking pretty good.
DO YOUR OWN DD!
