Thursday, April 07, 2011 8:27:14 PM
When Incorporating in Wyoming a simple entry in the Articles of Incorporation allow Corps to print limitless shares.
Even though that is true and can be proven by numerous websites it doesn't mean that all Corps do.
In order for them to print unlimitless shares they must file their articles correctly to that end.
None of this means that SGCP did file this way it simply shows that they could have.
We do know they have surpassed the Nevada A/S limit and that dilution has occurred throughout 2011.
With no Official declaration of the company of an increase to the A/S, it certainly raises the question.
Do we have Unlimited Shares currently at will.
There would have been a visible process to increase shares in Nevada as well as Filings and costs.
Wyoming has made it clear those rules do not apply to them.
One must also keep in mind that even if we do have unlimited shares available to us it does not mean the company intends to issue shares without number.
They have so far issued shares to meet Operating Expenses.
I have seen no evidence of lavish lifestyles by management at our expense.
Every share placed however does reduce the value of our investment.
In short I believe we have unlimited shares that can be printed but I expect the company to issue what it needs to continue and develop.
I do not expect careless Placements of stock unabridged.
They are selling stock because they have to and that will not end anytime soon IMHO but feel free to quote me 5 months down the road.
eye
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