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Friday, January 21, 2011 1:09:18 PM
-BTDG filings show 5 offshore companies got 160 million shares each for settlement of debt. That 800 million shares evidently the float.Good question would be where did that debt come from initially ? Must have been an old debt. These shares didn't have anything to do with any deal. Maybe his old SEC filings have a clue.
- The original Castle Creek Silver deal didn't involve any shares actually being issued according to BTDG filings. It was a Share Exchange to close according to an Escrow agreement. Why BTDG would record the shares as issued since deal not closed is strange , all supposed to be in an escrow account according to BTDG filings. Wonder if CFO reviews these things.
- New HIP HIP deal and mortgage company/lead generation/mining company deals equally hard to know whether shares actually issued or just committed to be issued.
To CEO's credit he does seem to file everything , just doesn't make sense. He also evidently hasn't read Pink Sheet disclosure rules. Maybe his next filing will make clear situation.
I am anxiously waiting for the next press release about the merger !
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