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Re: joethepennyguy post# 74647

Tuesday, 03/18/2014 10:23:52 PM

Tuesday, March 18, 2014 10:23:52 PM

Post# of 81315
But Donna did not say that:

As such the issued shares are in the hands of NovaCab owners and senior management, no one else IMO...



She said:

Novacab shareholders were issued 300,000,000 shares as well as an additional 100,000,000 following a conversio0n of preferred shares. This gives the total of approximately 400 million.



My guess is Gerald Parkin and/or his associates got those 400,000,000 shares, as payment for the shell.

Also, why some on this board still believe that there is some question about the A/S, Donna addressed that is the same email:

•The process of reversing the stock does not affect the authorized capital.

So, it stayed at 5,000,000,000.

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=96042025