Westmont Resources Inc. (fka WMNS)

[Atlanta1]

eagleye - here's a breakdown of the shares (from company IR):

1. 100M was issued to the insiders as restricted common shares for unpaid compensation for 2 years of services.
2. 5.3M as was issued to a consultant as restricted common shares.
3. 25M was issued for purchase of land leases as restricted common shares.
4. 1M was issued to the insiders as restricted preferred shares for unpaid compensation for 2 years of services.
5. the balance was issued to convertible debt holders under the terms of their notes in partial payment of their debts.

The Company has not sold a single share - the above referenced restricted shares can not be sold at present and with regard to the insiders have a 2 year minimum holding period from the date of issue.