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Re: captain puff post# 672

Friday, 03/04/2011 11:50:55 AM

Friday, March 04, 2011 11:50:55 AM

Post# of 1156
I'm sorry- I was wrong- he owns 51.6% not 56%-- my bad:
From 10k
Since we have 66,000,000 authorized shares, our management could issue additional shares, diluting our current
shareholders' equity.
We have 66,000,000 authorized shares (65,000,000 shares of common stock with a par value of $0.001 per share
and 1,000,000 shares of preferred stock with a par value of $0.01 per share), of which 62,000,000 common shares
are currently issued and outstanding. We do not anticipate issuing any preferred shares in the foreseeable future.
Large increases in authorized shares and share issuances by us would generally have a negative impact on our share
price. It is possible that, due to an increase in the authorized shares or additional share issuance, you could lose a
substantial amount, or all, of your investment.
Since our president currently owns 51.6% of the issued and outstanding common stock, investors may find that
his decisions are contrary to their interests.
As of the date of this annual report, Mark Bruk, our president, treasurer and sole director, currently owns 51.6% of
the issued and outstanding shares. As a result, he is able to choose all of our directors and control the direction of
our company. Mr. Bruk's interests may differ from the interests of other shareholders. Factors that could cause his
interests to differ from the interests of other shareholders include the impact of corporate transactions on the timing
of business operations and his ability to continue to manage the business given the amount of time he is able to
devote to our company.

So he's worth around $61,000,000
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