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Re: lbdave post# 80099

Wednesday, 03/27/2013 4:00:23 PM

Wednesday, March 27, 2013 4:00:23 PM

Post# of 111705
Thank you. I read your post earlier. I know a company can increase the number of shares at any time they want.

A companies ability to increase the number of their shares anytime they want is not the same as necessarily having Authorized Shares on Reserve, (for the possible/future conversion of all issued and outstanding preferred shares).

Per the Articles of Incorporation in the State of Wyoming (listed as 'inactive' on OTC) AND Delaware (listed as 'active' on OTC), the company must have on hand at all times as Authorized Shares on Reserve an amount of common shares equal to the fully diluted/converted preferred series A shares issued and outstanding.
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