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Wednesday, June 29, 2011 10:31:36 PM
DD shows specifics as to mgmt's conversion of preferred shares to restricted common....
Yes..REAL DD is a wonderful thing: The key component to the common converted to preferred followed by the preferred converted back to common lies within the DESIGNATION on file with the state of Nevada: The DESIGNATION states that every 10 common converts to 1 preferred... AND EVERY ONE PREFERRED converts to @# common... I'll save the @# for later publishing...later as in...AFTER-if EVER- JD and GLENN file ownership forms....why? Because what JD has already stated(Oct. 2009) does NOT ADD UP to JD's/Glenns claim of NEVER HAVING SOLD A SINGLE SHARE...
The reason JD and Glenn converted their common to preferred is OBVIOUS...and unfortunately SOP in the land of scams.
They did the initial conversion knowing full well what was coming.....a PR fueled PUMP AND DUMP campaign which resulted in MASSIVE DILUTION...
so...before anyone posts for the umpteenth time that JD and Glenn share the same fate as everyone else who holds common shares...ask yourself: Do you have the power to convert your shares from common to preferred then back to common ..with the end result being a more than DOUBLING of the common shares you originally held? Well?
If and when Glenny boy and JD file ownership forms....they better show a CERTAIN amount of shares.....get it yet?
Pink Sheets...where failing private companies come to die.
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