From the last 10-K:
"On June 11, 2010, Mr. Joe Overcash transferred 49 thousand shares of Preferred “C” stock to Mr. Mark Wiles. Mr. Wiles converted 49,000 shares into 245,000,000 shares of the company’s Common “C1” stock at a 5000:1 ratio. Upon review of company’s counsel, this transaction was deemed to be: (1.) An affiliate transaction; and, (2.) Mr. Wiles had not held the shares more than one year in his name and the transaction is thus subject to RULE 144. These shares will not be eligible for removal of Rule 144 restrictions until June 11, 2011."
Can someone confirm this - Does this mean the 245M to Wiles will be canceled?
