Their extremely poor excuse for the last quarterly report shows this:
Security Symbol: ITNS CUSIP Number 465733103 Common Stock: 1,000,000,000 authorized, Par Value $0.001 Preferred Stock: 5,000,000 authorized, Par Value $0.001 NO CUSIP number for the preferred.
B. Number of shares or total amount of securities outstanding for each class of securities outstanding Period end date: May 31, 2014 Authorized Shares: 300M Common Shares, 5M Preferred Shares Outstanding Shares: 930,377,519 Common Shares, 0 Preferred Shares Public Float: Approx 551,162,197 Number of Beneficial Shareholders: Approx 1 Total number of Shareholders: Approx 662
Period end date: November 30, 2013 Authorized Shares: 1,000M Common Shares, 5M Preferred Shares Outstanding Shares: 902,044,186 Common Shares, 0 Preferred Shares Public Float: 154,828,864 Number of Beneficial Shareholders: Approx 1 Total number of Shareholders: 662
Period end date: November 30, 2012 Authorized Shares: 1,000M Common Shares, 5M Preferred Shares Outstanding Shares: 777,044,186 Common Shares, 0 Preferred Shares Public Float: 74,201,087 Number of Beneficial Shareholders: Approx 2 Total number of Shareholders: 662
For May 31, the authorized shares of 300M is incorrect, should be 1000M. Other than that, the public float went from 154M to 551M or +400M in 6 months increase. They say the CPA is always taking extra time to study this but they are always "unaudited". Number of shareholders never changes according to them.
and they doled out a few hundred million shares in exchange for "services"
Cheung and Jolly sign these reports, what dingbats.
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