Replies to post #103421 on Sylios Corp. (fka UNGS)

[Sheepdog]

July 2010, the Company canceled 1,000,000 shares of common stock relating to the Wilson acquisition. These shares were owned by the Company. The Company's common stock at June 3, 2010 had a value of $.035 per share making the acquisition price $1,687,279.

Really funny stuff. Yes, Wayne arranged for UNGS shareholders to buy the Wilon Property from himself for $1,687,279.

Wayne then valued that property at about $4M in the financial statements to pump this pig.

Then UNGS later wrote off that whole amount as a loss because the property proved worthless.

Score: Wayne plus $1.7M / Shareholders minus $4M

Really, really funny.

[OTCDEMON2]

So its been up to 3pennys before? Jeez thats good news