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serfdom

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Alias Born 02/22/2005

serfdom

Re: None

Friday, 09/23/2005 12:02:10 PM

Friday, September 23, 2005 12:02:10 PM

Post# of 159753
Re: increasing the AS....

I have been away for a few days...trying to get back up to speed.

Keep in mind that a substantial portion of any increase in the OS MUST include a majority of the shares to stay with Megas so he can retain control of the corp.

If memory serves....he currently holds approx. 3 million restricted and free-trading...in addition to 24(?) million issued but not tradable.

So any increase in OS would need to see a huge "control block" going to Megas personally. If BCIT issues 500M shares....Megas would need to end up with at least 262M to maintain 51% control. Whether he does this with common or preferreds, and how, is anyone's guess. Does anyone have any info on the preferred structure at this time?

Good stocks are obvious. Extensive DD is how you convince yourself to buy a bad one.

>^..^<
http://www.investorshub.com/boards/board.asp?board_id=3961

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