Earth Dragon Resources (fka EARH)

[GoldHitter]

Not SCAM: Here is the 10-Q details...

Please read carefully.

APPLICABLE ONLY TO CORPORATE ISSUERS
Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date.
454,480,000 common shares issued and outstanding as of January 17, 2011.

Effective December 14, 2010, the Company effected a 38 for 1 forward stock split, increasing the issued and outstanding shares of common stock from 75,000,000 shares to 2,850,000,000 shares. All shares and per share amounts have been to retroactively reflect this stock split.

Stockholders' Equity (Deficiency)
Common stock, $0.0001 par value;
authorized 2,850,000,000 shares, issued and outstanding
454,480,000 and 454,480,000 shares, respectively

10-Q clearly stated the no. of outstanding shares of common stock was 454,480,000 shares.

Now on the 1/20/11 PR:

Effective January 19th, 200 million shares of the Company's common stock were returned to the treasury. Prior to the cancellation, the Company had 454,480,000 shares issued and outstanding; therefore 254,480,000 million shares are now outstanding.

So as of today, the outstanding shares become 254,480,000 shares after the 200m shares cancellation.