The Golden Lounge

[iii_john]

I may not be very bright but I come up with the same thing everytime I read the pr.

If there are 414 or 418 billion shares to cover, WHY get an authorized shares of 9 Trillion?

The only reason I can see is they plan to give the selling share holder enough worthless shares to issue the due bills and then leave the seller enough shares to end up with 3 million shares after all the smoke clears. after all the reverse splits. Looks like they are going to try to reverse split out the issued due bill shares and leave shareholders with nothing.

I didn't see anything in the pr that leads me to believe they are going to try to buy back shares. The only covering that I see is the company trying to cover their own ass.

If the SEC let's this go thru, I hope I have mis-under-estimated my comprehension level. (speaking of mis-under-estimated, does anyone know who George Bush gets stock advice from in regards to doing the private investing of Social Security funds?