FITX OS > A/S as of quarterly report filed with OTCMarkets yesterday
Quote: -------------------------------------------------------------------------------- Common stock, $.0001 par value; 3,499,000,000 shares authorized; 3,542,969,548 and 3,405,969,548 shares issued and outstanding at June 30, 2014 and September 30, 2013 --------------------------------------------------------------------------------
I Billeave that someone needs to take a remedial math class.
In case you don't see it, FITX has revealed that it has 3,542,969,548 shares issued and outstanding, even though only 3,499,000,000 have been authorized BY THE SHAREHOLDERS. ;Yes, we know that Chaaban and his cohorts own the majority of shares and that they could vote to increase the authorized number in an instant, but they haven't and the extra 43,969,548 shares have been ILLEGALLY issued. And that's just to June 30th. Who knows how many more shares have been issued since then and consumed by the lemmings eager to jump off the cliff for Chaaban, who has already sold well over $3 million of his own shares. Don't forget about the oodles of debt--some perhaps actual, others concocted-- that will be eventually converted into stock. The printing presses appearing to be running day and night over at FITX, churning out certificates to replace the shares that insiders have already dumped onto the street.<br />
Oh, and then there's the 1,000,000 shares of preferred stock, 500,000 of which are owned by Chaaban, that can be converted in to 5 billion more shares of common stock. Let's not forget about those.
Quote: Transfer agent CANNOT issue more than what is available. It was a typo which will be corrected. The numbers were transposed.
I see they filed an amended unaudited quarterly and simply RETIRED 75 million shares to take care of the problem. I can only guess whose shares they retired!!!