Alto Group Holdings Inc fka ALTO

[hmitwatch]

My error. I mentioned a scenario where ALTO sold 7 billion shares. They already gave away 4 billion of those 7 to pay off less than 6 months worth of notes... and the company is still in debt.


http://investorshub.advfn.com/boards/read_msg.aspx?message_id=70257780

4,287,142,876 shares issued towards debt - that will take this stock to no bid

www.sec.gov/Archives/edgar/data/1430124/000139160911000562/f8k_allto.htm

On December 14, 2010, Alto Group Holdings, Inc. (the “Company”) approved the conversion into common stock certain notes (the “Notes”) issued by the Company between February 1, 2011 and June 1, 2011. Subject to the terms and conditions contained therein, the Notes were converted into an aggregate of 4,287,142,876 shares of common stock of the Company.

Item 3.02 Unregistered Sales of Equity Securities

As described in Item 1.01 above, on December 14, 2011, the Company issued 4,287,142,876 shares of common stock to various Noteholders. The Company believes that these transactions were exempt from registration with the Securities and Exchange Commission pursuant to Section 4(2) of the Securities Act of 1933.