http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=30318 ANNUAL REPORT FOR THE FISCAL YEAR ENDING December 31, 2009 Employees As of December 31, 2009, we had nine full time employees and five independent contractors on our team. One team member was engaged in engineering, seven in photo lab operations, two in sales and marketing, three in customer service and two in general and administrative functions. During the peak holiday season, we hire contract workers on a temporary basis. For example, during our peak production day in the fourth quarter of 2009, we used three temporary workers to assist in our production and fulfillment operations during high-demand periods. None of our employees are represented by a labor union or are covered by a collective bargaining agreement. We have never experienced any employment- related work stoppages and consider our employee relations to be good. Note 4. STOCKHOLDERS’ EQUITY The Company has authorized 800,000,000 shares of common stock, par value $0.0001, and had 277,307,235 shares outstanding at December 31, 2009.
http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=41584 MYPHOTOPIPE.COM, INC. Third Quarter 2010 Financial Report December 30, 2010 Note 5 — Stockholders’ Equity The Company has authorized 800,000,000 shares of common stock, par value $0.0001, and had 315,879,277 shares outstanding at September 30, 2010.
I personally think we entered into a great buying opportunity here. It is obvious that changes and progression with MPPC are leading to a maturing company. It is refreshing to experience this seasoning and not having it come at the expense of massive dilution.
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