Thursday, September 19, 2013 6:12:00 AM
1. Markray Corp. came to life in January 2011 when shares of it's predecessor R'Vibrant were converted and handled to new team of insiders.
2. The authorized capital for RVBR was increased to 900,000,000 shares on January, 22 2013 (!) So, the most recent structure is: 900,000,000 authorized shares; 483,970,488 outstanding shares (including Westmount Capital's 176,280,000 and Olga Smolnikova's 264,420,000 shares).
3. Initially insiders' shares were restricted and could not be traded. But after 2+ years most, if not all, of them came out of restriction.
That's why we see all this activity. In January 2013 the "management" revived the company: got "good standing" in Delaware, reopened forgotten Russian website, and asked Marina and Alexandra to wake up :) They are ready to dump hundreds of thousands formerly restricted shares plus half of million of new shares that could be issued at any time. Be prepared for tsunami.
BTW, can anyone mention just one PR from RVBR that accidentally happened to be true? Buyout offer? Increased production? Gold coin to shareholders?
IMO.
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