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Re: Churak post# 4690

Thursday, 07/21/2005 8:18:14 PM

Thursday, July 21, 2005 8:18:14 PM

Post# of 12654
Churak, the 30 investors are the same two guys, you don't need the 504 to actually be funded by 30 people, it's just 30 is the maximum allowed, so whoever the funders are, they'll get all the registered stock that way. This offering is the perferred method to get free trading shares into tighthly held insider hands, which was them, or someone very close to them, of course.

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