Alto Group Holdings Inc fka ALTO

[User-65225]

HP, this site has all of the filings...

http://www.otcmarkets.com/stock/ALTO/financials

Heres one example of the type of convertible note that im referring too... http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7595498

Notice how the filings states...

On December 3, 2010, Alto Group Holdings, Inc. (the “Company”) converted into common stock certain notes (the “Notes”) issued by the Company on March 31, 2010 and April 30, 2010. Subject to the terms and conditions of the various conversion agreements entered into with the Note holders, the Company agreed to convert the Note into an aggregate of 40,000,000 shares of common stock of the Company.
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The SEC requires that all the debt and the TERMS be disclosed, yet i look back at the quarterly filings, 8K's, etc issued earlier in the year (after the claimed dates above) and cannot find any info on the "terms and conditions of the various conversion agreements".

Now, keep in mind that the SEC does not review the filings these companies issue. This is the job of the ANNUAL auditor to catch... Before the yearly 10K can be released, it has to be reviewed by an independent source. If this auditor finds that the filings are not complete, the company will get an "e" added to the end of their ticker (ALTOE) and will be given a short amount of time to go back and correct all of the filings, which is very expensive and difficult.

If the company cannot LEGALLY fix the problem and/or the filings are so inaccurate the auditor will not sign off on them, ALTO will be delisted to the pink sheets... FYI, these types of actions can be VERY hard to fix.

FYI, the next report/filing is the annual 10K, so it will be interesting to see if the auditor reads these 8Ks issued this last quarter and tries to locate the terms. They are suppose too, but you never know if the auditor is a company "friend", if you know what i mean...

PS: If anybody can find the terms to the notes issued between the dates above, it would be greatly appreciated... Its possible that i missed it, but i dont think so.