Marine Jet Technology Corp (fka mjet)

[dickmilde]

It's all in the 8K...

They will issue enough shares to the buying company so that current shareholders will own about 3.8%. That means they will have to issue around 720 million for a total of 740 million. How else are they going to assure they have 96% ownership ? It's a proven method to get rid of minority shareholders.

The reverse split will then put the outstanding back around 20 million shares.

Read it here: http://www.sec.gov/Archives/edgar/data/1139683/000114420405008890/v015064_8k.txt

This has been posted here and on RB several times. The only responses have been very negative and rude.

In a round about way what they are telling you is that what you are currently holding ( in total ) is only worth about 3.8% of the total. Actually it may be worth more but won't be after they are finished making their "adjustments". What they are doing is perfectly legal but is rotten enough that it should be against the law.

Dick Milde