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Re: RedShoulder post# 1253

Saturday, 09/10/2005 1:34:40 PM

Saturday, September 10, 2005 1:34:40 PM

Post# of 44006
Have to add these shares in:

"In June 2005, the Company received $185,000 of proceeds from the sale of common stock to two groups. The stock was valued at $0.01, the fair market value on the date of the sale. As of June 30, 2005, the shares had not been issued and have been recorded as Common Stock Issuable in the accompanying Financial Statements."

"Common stock issuable, $0.0001 par value, 18,575,000 shares $1,858"

So that will make "only" 22 million shares to hit the OS, plus whatever they sold to buy the oil rig. Could call the tranfer agent, but I don't think they release any share info, another BIG RED FLAG, imo.

Cash is King until further notice!!!

My comments on companies are usually my opinion of long term success (years). The PPS may go up or down greatly in the meantime depending on the number of greedy suckers with money.

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