Thursday, February 17, 2011 5:49:43 PM
Shares to CEO, CFO, HIP HOP people (? issued) , mortgage/lead generation company (?).So what 1 billion shares + in less than 2 months ?
Remember the 1.8 billion shares last year under a LOI to be completed by an escrow. The filings BTDG made indicate that deal never happened.So while shares probably not issued anyway, the board cancelled the shares 12/30.
So maybe there is only 2.3 billion shares , or maybe 4.1 + billion.
Also what is float ? The new shares issue one would assume have restrictions. The top shareholder list of course is wrong as it includes people whose shares ( which probably always in treasury anyway)were cancelled December 30. One would assume BTDG would calculate top shares subsequently to reflect ownership of officers and directors which has gone up so dramatically.
So top shareholders would appear to be Coast Comm., HIP HOP people,some related-party owners of mortgage/lead generaton business, and of course the CEO. Plus float of 837 million shares.
You have to admit this is one interesting company ! The CEO certainly is creative and at the forefront of new developments in American business theory ! It does seem CEO been very aggressive to increase his control of company, he must be very confident of sincocan deal and HIP HOP.
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