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Re: Art Vandeley post# 144302

Tuesday, 10/15/2013 9:38:58 AM

Tuesday, October 15, 2013 9:38:58 AM

Post# of 241467
They also need to deal with the reverse

A/S stayed at 950 million and reverse split happened and has not been reversed by that article of correction as evident by the number of O/S has not incresed [SIC] nor has the pps reflected a foward split.


Because they performed a reverse split without shareholder authorization, they'll eventually have to account for the increase in shares after the reverse was rescinded, but they haven't figured out how to do that yet. If they want to uplist, they'll have to.

The AS stayed at what's in the Articles of Incorporation, which is 5B, but the company is too embarrassed to say so.

Why else would they have created the new, fictional classification of Authorized shares Capped by Management?

That is the simple fact that cannot be swept under the carpet:

You don't create a new, never-before-heard-of classification if you don't have something to hide.


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