Thursday, November 10, 2011 10:13:30 AM
Questions:
1) How many of those shares were printed by Tom before the RM and how many were printed by the new board after the RM?
2) My guess, and this is only a guess, is that some/most of those shares went to creditors, including AJW. How many of those shares were sold between now and then? I have no idea.
3) As I have noted many times, there are 4 creditors listed on the Utah Department of Commerce's Uniform Commercial Code Search page. What, if anything, is still owed to AJW and YA Global Capital? Do they still have possession of shares? Are they owed additional shares?
5) What are the terms/conditions of the 10,000 preferred shares? Do they only provide voting rights or do they have a conversion feature? I've seen conversion features that would make 600MM shares seem like small potatoes.
Anyone investing in pennies should be familiar with Corey Ribotsky and the NIR Group hedgefund and also with Cornell Capital. AJW is one of the funds of NIR Group. Do a google search and/or see here for more information:
IHub NIR page
Cornell Capital is the predecessor of YA Global Investments. For more information:
IHub page
Hedge Fund blog
1) How many of those shares were printed by Tom before the RM and how many were printed by the new board after the RM?
2) My guess, and this is only a guess, is that some/most of those shares went to creditors, including AJW. How many of those shares were sold between now and then? I have no idea.
3) As I have noted many times, there are 4 creditors listed on the Utah Department of Commerce's Uniform Commercial Code Search page. What, if anything, is still owed to AJW and YA Global Capital? Do they still have possession of shares? Are they owed additional shares?
5) What are the terms/conditions of the 10,000 preferred shares? Do they only provide voting rights or do they have a conversion feature? I've seen conversion features that would make 600MM shares seem like small potatoes.
Anyone investing in pennies should be familiar with Corey Ribotsky and the NIR Group hedgefund and also with Cornell Capital. AJW is one of the funds of NIR Group. Do a google search and/or see here for more information:
IHub NIR page
Cornell Capital is the predecessor of YA Global Investments. For more information:
IHub page
Hedge Fund blog
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