Tuesday, March 22, 2011 9:12:50 AM
The CEO diluted the float from like 2.9B to like 10B and hid it by moving the state of incorporation and not updating any SEC or Pink Sheets records (no 8K's) and therefore no one knew where to check for the current share structure. In the current state, Wyoming, you do not need to declare an Authorized Share count, the net result is that it is unlimited. A company, or in this case a single man, can print new shares anytime he wants.
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