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Alias Born | 07/22/2008 |
Friday, February 22, 2013 11:12:50 AM
AS is "unlimited" (Wyoming corp). OS is 201,351,500.
They did a reverse split on November 10, 2010 of 1000 for 1 reducing the OS from 1,351,500,000 to 1,351,500.
They then issue 110,000,000 shares to Anglo-African Gold Corporation...acquiring it. Those shares are restricted as Londole and Shasavar ae insiders/control persons.
XTPT - Xtra Energy Corp
They then issue 90,000,000 shares to 9 unaffiliated entities (less than 5% each, 10 million shares of 201M OS, perfect, keeps them from needing to file as beneficial owners/control persons) for...and this is the kicker...
...$25,000 in old debt.
$25,000 old debt divided by 90,000,000 shares equals $0.0002777 per share.
As you can see from their statement (2nd graphic, above, last sentence)...the shares do not bear a restrictive legend due to being in exchange for over-one-year-old debt. Meaning...they are free trading...part of the float.
May as well be free trading...they were, essentially, free, lOl...$0.0003 (rounded).
Current price $0.047.
I think I "get" it now.
150x.
Plus some.
GLTY
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