Thanks for the chart.I read all the news releases and a few months worth of posts from trustworthy investors/traders I know of.Personally I know the company is in the right sector for years to come based on my research dealing with business trends looking forward(see my previous post about new urbanism post #31).As we know this is another bb company so extra caution is in order.The problem seems to be the 504d information.The good news is it looks like it expires in May 2006.Will keep on watch for signs this 504d is complete.I also actually like some of the projects loftworks is working on.Taken from loftworks board:
"The company has an open 504D. In May of 2005, the issuer, a Nevada Corporation, opened a 504D; the 504D was filed and received by Securities and Exchange Commission on 05/03/2005 (file number 021-76843). The 504D offered for sale up to $1 million US dollars of common stock of the Company at the purchase price of .001 only to “accredited investors” as the term is defined in the Securities Act of 1933, residing in the state of Texas.
Presently, the most recent 504 information available is contained above, ie. as of June 23, 2005, 2005, 392,000 shares
of 504 stock have been issued. The 504 is expected to remain open at this time (expires May 2006) in anticipation of raising $1million; the company intends to utilize this method
to finance the pilot and six episodes of the hi-def television production.
In summary: CEO Dennis Ammerman was issued 20 million shares for services, including maintenance of company. 392,000 shares were sold via the open 504D.The remaining 21,500 shares of restricted stock was issued for professional services for the company."
"$1 million US dollars of common stock of the Company at the purchase price of .001". That is 1000M!!! Does this mean they can issue 1000 million shares to “accredited investors” who can dump them on the market? I don't get this 504 business. The sooner this matter is clarified by Dennis the better. The plot is getting too thick.
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