InvestorsHub Logo
Followers 2568
Posts 303748
Boards Moderated 29
Alias Born 04/12/2001

Re: rockie101 post# 8312

Tuesday, 03/01/2011 6:00:22 PM

Tuesday, March 01, 2011 6:00:22 PM

Post# of 17530
Very peculiar situation...

At OTCMarkets, the company claims its o/s is 584 shares as of today. It gives no figure for the authorized.

http://www.otcmarkets.com/stock/HSCOD/company-info

Yet on 23 December 2010, Zoyes filed an amendment to his Florida corporate data, raising the a/s to 6,010,000,000.

http://www.sunbiz.org/pdf/89048096.pdf

Then on 11 February, he filed a new amendment, in which he noted that the stock would split 1:125 and that the a/s would be lowered to a mere 3,010,000,000.

http://www.sunbiz.org/pdf/93328197.pdf

He needs an a/s of 3 billion common when he has 584 shares outstanding? Something's gonna happen, and it won't be pretty.

If shareholders had been checking with the Florida SOS regularly, they'd have known about the pending r/s. But not many people do that.