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Re: lmcat post# 4833

Sunday, 02/05/2012 12:44:51 PM

Sunday, February 05, 2012 12:44:51 PM

Post# of 15534
There is reason to question if GEAR owns a controlling interest of WSRA.

WSRA Security Details
Share Structure
Market Value1 $2,523,947 a/o Feb 03, 2012
Shares Outstanding 315,493,353 a/o Sep 30, 2011
Float 79,850,912 a/o Sep 30, 2011
Authorized Shares 350,000,000 a/o Sep 30, 2011
Par Value 0.001

BENEFICIAL OWNERS of WSRA stock
No. of Shares Beneficially Owned

Don Jenkins 50,000,000
Michael Chaffee 28,502,000
Dennis Atkins 26,720,000

Between Don, Michael, and Dennis that's 105,222,000 That alone is over 33% Of the Total O/S.

The float is 79,850,912 so that leaves 270,149,088 shares. Subtract the Don, Michael and Dennis shares and that leaves only 164,927,088 shares left.

Divide the outstanding shares of 315,493,353 in half and that shows 50% of the shares would be 157,746,675.

How could GEAR gain a controlling interest?




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