REAC Group Inc. (REAC)

[pushin pennies]

This is what I see.

My question is how can the SEC even allow anyone, even the president of the company to buy more shares than there are outstanding? Unless they do allow the shares to be bought up to the authorized amount of 900,000,000. Please help me understand. Does this mean, if the president is holding all the legit shares plus some....the common shareholder must be holding "air" shares. Kind of like the US Dollar...fiat shares.

Shares outstanding From Form 4 filed April 17, 2013.

Table 1 #5 Shares owned: 347,350,000
Owned by Robert DeAngelis, President, Secretary, Treasurer

LINK: http://app.quotemedia.com/quotetools/showFilingOutline.go?webmasterId=89753&symbol=REAC&name=REAL%20ESTATE%20CONTACTS,%20INC.:%204&link=http%3A//quotemedia.10kwizard.com/contents.xml%3Fipage%3D8862457&cp=off&xbrl=undefined

# of shares outstanding as of April 15, 2013 according to the 10K
242,290,059
See 10K page 2

Go to OTC BB website http://www.otcbb.com/asp/Info_Center.asp and type in REAC and go to filings to see the 10K