I missed of missed that, where did the figure of 905 million shares oustanding of December 31, 2010 come from ? Strange enough before the 2011 supposed issuances, that sounds correct. BTDG has a rather odd practice of announcing deals under a Letter of Intent, subject to escrow requirements some time later, and CEO then includes the shares in his filings as if they are actually issued.
Then the dates are confusing. Board authorizes shares to him in December for 2010 salary liability, but then says will only be actually issued in 2011.
Then HIP HOP people get 10% ownership of company with stated 3.1 billion shares, but instead get 500 million shares based on authorized shares. That is of course under that contract, if shares were ever issued. Clearly CFO doesnt understand differences between issued and authorized shares, shares are not outstanding unless all conditions have been met for issuance. Nor of course does top shareholder list correspond to any reality. Since CFO doesnt accrue salary liability anyway it is no wonder she has difficulty figuring out how to record shares issued.
I would guess share count as follows :
905 million (includes the float of 800 million from debt settlement last year,37 million starting shares,)
200 million CEO
100 million CFO
1.205 billion shares sub total
then their friends or relatives or whomeever:
200 million coast communications
200 million mortgage/lead generation company
1.605 million
The HIP HOP and other 2011 transaction assume not really issues in normal sense are probably not closed, though BTDG might just decide to list them anyway.
Sad thing is according to BTDG "financial" statements which if in any sense accurate, BTDG has not gained from all this silliness the last several quarters.
Wonder what the mortgage company/IR firm says about all this. Also does anyone on this board including those who defend the NI43-101 report as legitamate, maintain that BTDG actual controls 1.5 million ounces of gold reserves.
Have to admit it is a story that just keeps getting better. Imagine after the "definitive merger " happens.
