That is absolutely incorrect on a number of levels. First of all, the last publicly acknowledged share count left 50+ Millions of shares to issue. On top of that, Walthers could issue Preferred shares to those lender/shareholders. There is good reason to believe he did so as we know he issued Preferred shares in a scheme to defraud Adelstein. Also, many pennies issue unregistered shares. Oftentimes many BILLIONS of unregistered shares.
Of course, with any company on the 'UP AND UP," we would know the answers to these questions.
Its a scam!! 100%, top to bottom, inside & out scam. It was meant to be so from the beginning. Walthers doesn't work for a living; he spins yarns and steals.
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