Replies to post #3594 on Cabo Verde Capital Inc (CAPV)

[crudeoil24]

CEO > John Duggan's > tel. # and address:

Av. Eng. Duarte Pacheco, n.° 143/145, 2° -8135-104, Almancil, Portugal
(Address of principal executive office)

[phone] 264 626
(Issuer’s telephone number)

[Pure_Greatness]

HERE'S THE REST OF THAT:

THOSE SHARES CANCELLED


The Company has proceeded only with two of these projects, a vacation resort on the island of São Vicente and a 10ha block of land on the island of Sal, and have issued 36,040,000 shares of common stock from escrow in consideration for these acquisitions. We have terminated the agreements with the owners of the other properties, and as a result 246,750,000 shares of common stock have been released from escrow back to the Company. These shares have been returned to the Company’s transfer agent by the Company and have been cancelled. The Company is continuing to pursue the properties which were subject to termination. The implementation of these projects are predicated on the need to secure additional financing, and resolutions of issues which arose during the due-diligence process by the Company.

[DipnRip]

Just trying to catch up. CAPV just did away with millions of shares but will need toxic funding or need to sell shares to fund this merger?? What was the point of cancelling all those shares? Just putting off the dumping to another date?? Looking for a positon Monday but I guess I need more DD..HA
DIP

[DiamondFire]

...why is this post a sticky, when it doesnt have the second, and more important part left out, about how that deal is not now going through? This is then truly misleading.......as they have then returned tens of millions of shares to give an under 60 mil OS and 15 mil float?