Signal Companies Inc fka WWWG

[Mr. Bill]

WWWGP. Now .03 x .05 1.498M OS Apprx FLOAT of 700K.

Insiders still HOLD their shares per 3/30/2005 filing.
Company owned by two directors of the company issued 800,000 shares of WWWGP for debt. Extended conversion period on Jan 10th 2005 4 days prior to tenative expiration date. Hummmm. Who owns these few shares ? The officiers of the company.

Scarcity can be a good thing. There also is the chance that they let the preferred shares expire. Why would they do that to themselves since they own 53% of the preferred shares? Might they do something other than let them expire? One might also argue they are overvalued at the conversion rate to the common stock. Again, the assumption is that "you would convert them". Why would they issue PREFERRED STOCK to themselves ? Think.

http://www.otcbbpulse.com/cgi-bin/pulsequote.cgi?symbol=wwwgp
SCHB 0.03 50 SCHB 0.05 50
ETRD 0.004 50 ETRD 1.03 5

Top 5 Important Market Makers

MMID Volume Rank/%
NITE 30,700 1 / 58
SCHB 10,500 2 / 20
CRWN 6,800 3 / 12

http://www.pinksheets.com/quote/print_filings.jsp?url=%2Fredirect.asp%3Ffilename%3D0000832488%252D05...

SHAREHOLDERS' EQUITY:

Series B preferred stock, two shares
convertible to one share of common;
non-cumulative, non-participating,
authorized 10,000,000 shares,
$.0001 par value, issued and
outstanding 1,498,901 shares at
December 31, 2004 and
1,499,060 at December 31, 2003

Common stock- $.0001 par value,
authorized 40,000,000 shares,
23,264,145 issued and outstanding
at December 31, 2004 and
10,392,084 shares at December 31, 2003

During fiscal year 2003, the Company issued 800,000 shares of Series B Convertible Preferred stock to pay $8,000 due to a corporation owned by the two Directors of the Company.

n January 10, 2005, a resolution was passed by the Board of Directors, which extended the conversion period of the Series B Convertible Preferred Stock from January 14, 2004 until the close of business on April 14, 2005. Each share of Series B Preferred Stock may be converted to 0.5 (one half) share of Common Stock at the election of the shareholder.

In fiscal 2004, 159 shares of preferred stock were converted to 79 shares of common stock.