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Friday, May 17, 2013 8:48:53 AM
One more thing to keep in mind, the attorney approved financial report will come out next week on Tuesday the 21st. It will contain share counts. If everyone sees that share counts haven't changed, and they still believe its a scam and there is dilution, then I would suggest they file their claim with the SEC.
There's no such thing as an "attorney approved financial report". All the letter states is that assuming all of the information is correct the report meets the requirement for "adequate current public information" per OTC Markets guidelines. He does not attest to the accuracy of the report and states that his opinion is null and void if it proves to be false.
However, the outstanding share information "should" be accurate as he's supposed to confirm that with the TA. It will of course be as of 3/31, so it won't include any shares issues since then. Additionally, I question how closely the attorney reviewed the information since the number of preferred shares is inconsistent and changes depending no which section you are reading.
As a side note, how can anyone believe anything in the financials when the CEO doesn't even know how many preferred shares he owns? According the one section of the financials he claims to own 500 million preferred shares, and yet the Wyoming SoS information only shows 5 million authorized. So which is it?
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