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Saturday, September 15, 2012 9:57:14 PM
Shares on Financial Statement - when the control of the company changed hands it was done via the purchase of shares. Why would the shares that were purchased (not using company funds) be reflected on the company's financial statement? The company does not own these shares they are held by a major shareholder.
It is only one holding company - Montague Investments is our personal investment vehicle that purchased the original Hi-Tech Crime Solutions and holds the majority of the shares in the company.
The shares held by Montague Investments are Rule 144 restricted stock. We cannot sell them until the restriction comes off.
As to typos - the document was prepared in a hurry to remove the CE. We were only advised 1 day before the filling that so much information will be required. If you like to send me via email all the typos that you found we will correct the document and re-post it as version 2.
The R&D was the business plan development and market investigation expenses as to what we plan to do with the company in the future. This expense was not paid for by the company.
We are starting the 3rd Qt with $0.00 in every column and will show capital, acquisitions, and cash-flow that we will complete bringing into the company by the end of the 3rd Qt. This way the actual financial situation of the company will be portrayed.
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