InvestorsHub Logo
icon url

ChitownMike

03/17/15 8:56 AM

#6528 RE: douglll #6527

I see no filing at Edgar
icon url

StocksIbuy

03/17/15 9:20 AM

#6536 RE: douglll #6527

The only thing I have seen is the list in the 10K... But it contradicts itself.. I have not seen a filing either.

Line on page 1.. 10k

State the number of shares outstanding of each of the issuer’s classes of common equity, as of the latest practicable date : 388,588,928 common shares issued and outstanding


Shares Available --- 10k

If we issue additional shares in the future, it will result in the dilution of our existing stockholders.



Our articles of incorporation authorize the issuance of up to 100,000,000 shares of common stock with a par value of $0.001 per share and 10,000,000 shares of preferred stock with a par value of $0.001 per share. As of the date of this Annual Report, we have 74,888,928 of common stock issued and outstanding and no shares of preferred stock issued and outstanding. As a result, our board of directors has the ability to issue a large number of additional shares of common stock and preferred stock without stockholder approval, which, if issued, could cause substantial dilution to our existing stockholders. Our Board of Directors may choose to issue some or all of such shares to acquire one or more companies or properties and to fund our overhead and general operating requirements. The issuance of any such shares may reduce the book value per share and may contribute to a reduction in the market price of the outstanding shares of our common stock. If we issue any such additional shares, such issuance will reduce the proportionate ownership and voting power of all current stockholders