Energy Resource Abundance (ERAO)

[Toxic Avenger]

If management issued only 11M to themselves and 13.3 million to investor groups, they wouldn't have majority control any more.

They recorded just under a million dollars as "Proceeds from issuance of common stock". It looks like all of it, and then some, was spent during the quarter.

They gave a pretty good indication of where the 49 million issued (per the T/A)/ earmarked (per the company) would be going - "The Company has earmarked 49,087,330 shares of common stock to accommodate future needs, such as incentive compensation for employees and management."

Very strange.