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Re: jedijazz post# 297

Tuesday, 01/25/2011 7:18:17 PM

Tuesday, January 25, 2011 7:18:17 PM

Post# of 301
WRONG!

The Board approved and implemented this restructuring plan as accounts payables increased to almost $400,000 and available cash dwindled to negligible amounts. In connection with the restructuring plan, effective April 15, 2009 the Company's Board of Directors and a Majority of the Company's shareholders approved (i) an increased in the Company's authorized Common Stock from 100,000,000 shares of Common Stock to 500,000,000 shares of common stock; and (ii) a change of the name of the Company to CT Holdings, Inc. the Board additionally approved and closed on a private offering of 239,999,999 shares of common stock to Accredited Investors

Bounce play? Definitely could be, but this seems to be another pos Valerie Vekkos (if she is still even involved) co. so be cautious...and lord only knows ho many o/s there are now at this point...

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