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Sunday, May 22, 2011 10:20:09 AM
In regard to the issued and outstanding
it is usually the practice to also speak of the free trading common and the restricted common when speaking of the Issued and Outstanding. I don't know what the date is on some of this 1 year restricted stock but I can see that the date on 302,806,619 of it is November of 2010...won't be free trading for another 6 months. the other 215,000,000 was issued to one individual and that would make it a control position that would be subject to a 1% of the issued and outstanding rule...meaning if and when it does become free trading it could only be sold in the amount of 1% of the issued and outstanding every 90 days...
This one is a low floater folks...very low
*2,400,000 shares of Restricted Common Stock to an individual for consulting services.
*300,000 shares of Restricted Common Stock to 1 individual for Director Services to the Company
*215,000,000 shares of Restricted Common Stock to 1 individual for Executive Services to the Company
*1,522,826 shares of Restricted Common Stock to 5 shareholders, as agreed in the Share Exchange Agreement dated November 26, 2010 between the Company and Centiuum Holdings, Inc.
*301,198,078 shares of Restricted Common Stock to 5 shareholders, as agreed in the Share Exchange Agreement dated November 26, 2010 between the Company and Centiuum Holdings, Inc.
*85,715 shares of Restricted Common Stock to two individuals for investment in the company
it is usually the practice to also speak of the free trading common and the restricted common when speaking of the Issued and Outstanding. I don't know what the date is on some of this 1 year restricted stock but I can see that the date on 302,806,619 of it is November of 2010...won't be free trading for another 6 months. the other 215,000,000 was issued to one individual and that would make it a control position that would be subject to a 1% of the issued and outstanding rule...meaning if and when it does become free trading it could only be sold in the amount of 1% of the issued and outstanding every 90 days...
This one is a low floater folks...very low
*2,400,000 shares of Restricted Common Stock to an individual for consulting services.
*300,000 shares of Restricted Common Stock to 1 individual for Director Services to the Company
*215,000,000 shares of Restricted Common Stock to 1 individual for Executive Services to the Company
*1,522,826 shares of Restricted Common Stock to 5 shareholders, as agreed in the Share Exchange Agreement dated November 26, 2010 between the Company and Centiuum Holdings, Inc.
*301,198,078 shares of Restricted Common Stock to 5 shareholders, as agreed in the Share Exchange Agreement dated November 26, 2010 between the Company and Centiuum Holdings, Inc.
*85,715 shares of Restricted Common Stock to two individuals for investment in the company

