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PoorBoy2

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PoorBoy2

Re: jaybot post# 4369

Wednesday, 05/18/2011 4:47:10 PM

Wednesday, May 18, 2011 4:47:10 PM

Post# of 13679
I noticed the following statement in the 10Q:
In November the Company issued 80,000,000 shares of its common stock valued at $60,000
to Elasco's president, $10,000 was recorded as a bonus and $50,000 is prepaid salary to be
expensed over six months beginning mid November 2010.

The 6 months would be up mid May. Are they going to (did they) do this again and how would this 'dilution' affect anything?
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