!!!!OS info for Reverse/Split purposes
Using the numbers mentioned in their filings you have 114,782,205 + 372,430,363 = 487,212,568 Total. Now they mention that Mr/ Kraselnick owns %54 of total from what they issued to him (272,430,363) you then have to figure out with that % what the TRUE OS is which comes to 504,500,660 divided by 25 (reverse split) leaves 20,180,260 Total OS (this will raise the stock price to $1.50 using .06 as the price per share) of which Mr. Kraselnick will own 10,972,145. Now did anyone notice from the last PR the mention of FGL being the spin off company of FLTL which will now change it's name tp MKA Capitol Inc. bringing I'm sure a new symbol for the new entity. The difference between the true OS and what can be derived from the filings means they have also issued another 16,287,092 shares between 06/05 to 11/05.
Only shareholders of record as of the close of business on August 10, 2005,
will be entitled to vote at the meeting and any adjournment thereof. As of June
30, 2005, The Company had 114,782,205 shares of Common Stock issued and
outstanding.
Item 3.02 Unregistered Sale of Equity Securities
Title of Securities issued: common shares
Number of Securities issued: 372,430,363 shares
Date issued: November 25,
The basis for the acquisition of control of the Registrant is the issuance of 272,430,363 shares of the Registrant's common stock, issued to Mr Kraselnick directly, pursuant to the Share Exchange Agreement between him and the Registrant. The shares acquired by Mr Kraselnick represent 54.86% of the outstanding and issued common shares of the Registrant's common stock. The shares issued to Mr Kraselnick were not issued previously to any other party, and were allotted from the authorized share capital of the Registran
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