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Re: Randizzle post# 2087

Wednesday, 01/25/2012 10:22:51 AM

Wednesday, January 25, 2012 10:22:51 AM

Post# of 2254
A few weeks ago it was noted that FXPT changed the share structure to bring down the OS to 525 million from 1.6 billion shares. People seemed to think that was a good thing, but I don't think anyone read into the details of what FXPT did. They issued 60 million preferred shares to Lieberman, which converts to common shares at a rate of 20-1, or 1.2 billion. So right now they have 2.4 billion shares that are authorized at their disposal. I wonder what they could do with all those shares??

On August 31, 2011, the Company issued 50,000,000 shares of its preferred stock to Mr. William Lieberman, its President and Chief Executive Officer, for services rendered. The shares were valued at par value of $0.001, or a total of $50,000.


On November 21, 2011, the Company issued 10,000,000 shares of its preferred stock to Mr. William Lieberman, its Chief Executive Officer, for services rendered. The shares were valued at par value of $0.001, or a total of $10,000.


On November 21, 2011, Mr. William Lieberman, the Company’s Chief Executive Officer, returned to the Company 1,000,000,000 shares of its restricted common stock which were previously issued to him for services rendered. The shares credited to compensation costs and were valued at the market price on the date of return of $0.0115, or a total of $11,500,000.


On November 29, 2011, Mr. William Lieberman, the Company’s Chief Executive Officer, returned to the Company 101,860,653 shares of its restricted common stock which were previously issued to him for services rendered. The shares credited to compensation costs and were valued at the market price on the date of return of $0.017, or a total of $1,731,631.



http://sec.gov/Archives/edgar/data/1326252/000138713112000074/fox-10qa_113011.htm
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