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Re: Planopenny post# 2017

Sunday, 06/03/2012 6:54:36 PM

Sunday, June 03, 2012 6:54:36 PM

Post# of 9201
There is really no telling what the hell is going on here anymore. As it stands, all of the previous officers of the company are gone, the company is in default with the Nevada SOS. The list of officers is overdue and their business license expired in January.
As of the last 10-Q the company had 100,000,000 shares authorized and 1,088,543 shares outstanding. Post split, the math works out just like it should.
Now look at that 8-k again. "...the Company has agreed to issue a total of 100,000,000 shares in settlement of this debt, at a price of $0.001 per share." So they are now holding all of the authorized shares?