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Re: AugustineAl post# 9675

Tuesday, 10/11/2011 12:26:01 AM

Tuesday, October 11, 2011 12:26:01 AM

Post# of 223586
Even though David Saltrelli holds 54% of the stock with his 108 million shares, and he can do what he wants, I believe he still has to have a vote of the other shareholders. Correct me if I am wrong.

The 800 million shares were authorized by David, but not issued. The only ones issued this time around are 50 million for an employee "stimulus" plan. It seems that if he liberally spreads them around, he could attract some top notch talent. Like say he gives someone 1 million shares at .05 which are restricted for one year. That's $50,000. I know that I would seriously consider such an offer.