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Tuesday, February 28, 2012 8:22:40 PM
Legal Counsel
Audited Financials Not Available
Employees 18 a/o May 20, 2011
Company Notes
Formerly=Big Star Media Group, Inc. until 4-2011
Formerly=Blue Wireless & Data,Inc. until 10-2009
Formerly=Reva, Inc. until 12-04 Formerly=World Wide Video, Inc. until 5-03
Share Structure
Market Value1 $1,099,653 a/o Feb 27, 2012
Shares Outstanding 999,684,352 a/o Sep 30, 2011
Float 92,000,050 a/o Sep 30, 2011
Authorized Shares 1,001,184,352 a/o Sep 30, 2011
Security Notes
Capital Change=shs decreased by 1 for 100 split. Effective date=5-13-03
Capital Change=shs decreased by 1 for 50 split Pay date=05/09/2006.
Capital Change=shs decreased by 1 for 2500 split. Pay date=10/18/2010.
Law Offices of Joseph L. Pittera
2214 Torrance Boulevard, Suite 101
Torrance, CA, 90501
United States
"BEWARE" (PHAR) OTC Pink Limited Information
OTC Pink Limited Information
Designed for companies with financial reporting problems, economic distress, or in bankruptcy to make the limited information they have publicly available. The Limited Information category also includes companies that may not be troubled, but are unwilling to meet OTC Markets' Guidelines for Providing Adequate Current Information. Companies in this category have limited financial information not older than six months available on the OTC Disclosure & News Service or have made a filing on the SEC's EDGAR system in the previous six months.
No Proof of Share Reduction!
just what the company claims in their Press Release, and last "UNAUDITED" financial statement!
No real Proof for the Public to verify on Pinksheets, and The Secretary of State(SOS)
Deleware *SOS* https://delecorp.delaware.gov/tin/controller
This Press Release below was dated Oct 17, 2011
http://ih.advfn.com/p.php?pid=nmona&article=49562427
The "rollback" means that the Company's Chairman and CEO, Howard Phykitt, has canceled and returned 535 million shares of his total holdings of the common stock of PharmStar Pharmaceuticals to the Company's treasury. He has accepted a series of warrants as follows:
Prior to the rollback, there were 998,879,352 issued and outstanding shares of common stock of the Company. As a result of the rollback, there are now 435,000,000 issued and outstanding shares of common stock of the Company, plus 15,000,000 set aside for the initial warrants, plus 55,000,000 shares set aside for future financings. This means that every shareholder of the Company now owns a greater percentage of the Company by a factor of approximately 2. The reduction of the total outstanding shares of the Company implies a greater share value for the holdings of the non-majority shareholders.
But that Roll Back never happen, was never properly updated on Pinksheets http://www.otcmarkets.com/stock/PHAR/company-info
Pinksheets until this day still shows the share structure before the claimed Roll Back!
PHAR Security Details
Share Structure
Market Value1 $2,299,274 a/o Feb 09, 2012
Shares Outstanding 999,684,352 a/o Sep 30, 2011
Float 92,000,050 a/o Sep 30, 2011
Authorized Shares 1,001,184,352 a/o Sep 30, 2011
Many shareholders wondered "what happened to the Roll Back", and why hasnt it been updated through the proper channels Pinksheets and Pharmstar's Secretary of State(SOS)
Then on Jan 13, 2012 the claimed again they did a rollback but this time it changed
http://www.otcmarkets.com/financialReportViewer?symbol=PHAR&id=70758
as you see below even the original rollback that was in the press release never happened, it was changed and 125,800,000 million shares went somewhere, but NOT back to the companies Treasury as claimed!
* 409,200,000 common shares returned to treasury from Howard Phykitt on 10/31/11
The "rollback" means that the Company's Chairman and CEO, Howard Phykitt, has canceled and returned 535 million shares of his total holdings of the common stock of PharmStar Pharmaceuticals to the Company's treasury
During the time that shareholders were waiting for proof of any such rollback, the companies CEO Howard Phykitt went and issued shares in a *504* placement, this too also came out in the last financial report
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=70896571
Date 12/1/11
Nature: 504
Jurisdiction: North Carolina
Shares 4,819,277 @ .0031 for $15,000
Also their is 20,800,000 shares that could be used for dilution coming off restriction this month Feb, 2012
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=70960555
No Transperancy on many lingering questions and issues!
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=70630904
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