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Re: pitts77h post# 15554

Wednesday, 08/15/2012 11:06:54 AM

Wednesday, August 15, 2012 11:06:54 AM

Post# of 32985
Read this from the filing.

601,341,084 and 499,521,084 shares issued and outstanding at
June 30, 2012 and December 31, 2011, respectively

As you can see there were shares retired.

3. Retirement of Shares Previously Issued for Services Rendered
During the quarter ended June 30, 2012, the Company retired 21,875,000 of common stock shares previously issued for services rendered for the benefit of eMax Media, Inc. Because the merger agreement discussed in Note 1(b) has been amended to now represent a licensing agreement, such costs related to eMax Media, Inc. are no longer the financial responsibility of Mindpix Corp

Look at the A/D line and you will see 150 million shares accumulated in the last three months. Emaxmedia group owns 400 million shares. If you do the math from the latest filing 601,341,084 minus 400,000,000( emaxmedia group ) plus 150,000,000 ( Shares purchased by general public ) = 61,000,000 roughly!!!! That's doesn't allow too many investors/traders to buy and hold long term. They will have to wait on the short term traders to let go of their shares at some point.
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