~~ SSSU has a fantastic plan of action and the consequences will be higher share prices ~~
SSSU's recipe for success:
~ SSSU has NO plans to conduct a reverse split of the common shares.
~ There are only 254,000,000 million shares outstanding and the Reg E Fund will eliminate the need for any dilution in the future.
~ There are currently 2.0 billion shares authorized, but we are in the process of reducing the number of authorized shares to 1.0 billion.(This should be complete now)
Authorized Share Reduction:
As previously mentioned we are reducing the authorized share total from 2.0 billion to 1.0 billion shares effective by close of business on October 20, 2006. The reason for this reduction is to eliminate any surplus or excess shares being created by failure to delivery positions. See http://www.businessjive.com/nss/darkside for a comprehensive review of short selling and failure to deliver. The Reg. E Funds will enable us to acquire companies without the dilution of SSSU's shares
~ Why did SSSU order the NOBO list? ~
~ The NOBO list will determine the true owners of our shares in addition to tallying the total number of shares outstanding and to address the large short position in our shares.
~ What action will be taken against the shorts/counterfeit positions?
Implementation:
The management of SSSU has accessed a shareholders list as of 10-11-2006. This list was compared to the NOBO list as of 10-11-2006. The shares in excess of the official total as compiled by the transfer agent will be deemed "counterfeit shares".
Counterfeit Shares:
Any position deemed counterfeit will be deemed to be short a failure to deliver share; each failure to deliver share outstanding of SSSU shall be deemed liable as follows:
Counterfeit Shares Liability:
Each counterfeit share shall be liable to SSSU as follows: (There are currently 102,767,486 shares unaccounted for)
(i) $1.00 per share in cash; plus
(ii) The 52 week high of $.041 multiplied by 7.77 multiplied by the number of days the failure to deliver position has been open.
Restructuring of Capital Structure:
~ Our management feels there is a significant failure to deliver position in our stock and the NOBO list identified the extent of the position. To protect our shareholders we are developing the share exchange program with one of the Reg. E Funds that will place an estimated value of $.10 to $.25 on the shares of SSSU.
~ What is a Reg. E Business Development Company and how will a shareholder benefit from this transaction?
a. A Reg. E Business Development Company can raise up to $5.0 million per years exempt from SEC registration for investment in and acquisition of development phase companies.A Reg. E Fund can also be considered a small company private equity fund and could be considered a small company hedge fund for investment in OTCBB companies.
~ Why did SSSU create the Reg. E Funds?
a. SSSU created the Reg. E Funds to use the Reg. E shares for the acquisitions and investment in companies rather than using SSSU's shares in a dilutive transaction.
Shareholder Benefits and Dividend Distribution:
We have developed the dividend program with one of the Reg. E. Funds. Each Reg. E fund can raise up to $5.0 million per year exempt from registration. The family of funds we are developing will assists SSSU in support of its restructuring and will immediately fund the real estate and entertainment business units. We have developed our business model to fund and develop new high growth companies.
~ We are working out the details of a dividend valued in the range of $0.05-$0.12 per share.
TD Ameritrade:
We will have an update on **Monday** concerning the TD Ameritrade and SBSH situation and the steps the company is taking to address the problem. According to the NOBO list SSSU has 770 account holders at TD Ameritrade who have been prevented buying shares in the company.
Summary:
The SIP will have no effect on our current shareholders. The SIP will affect the imbalance in shares that have failed to be delivered and remain open. We are exploring retaining a forensic accountant and the DTC Position Report to identify each position and the owner of the position and take actions to reward our legitimate shareholders with the proceeds we recover.
~ How will the shareholders of SSSU benefit from the restructuring?
Our current restructuring was conducted primarily as a means to enhance our shareholder base. We based our restructuring on several recent successful restructurings: Viacom, (NYSE:VIA - News),splitting into two separate companies, Apple Computer,(NASDAQ:AAPL - News) with the sale of Pixar Entertainment to Disney(NYSE:DIS - News). We have based our investment banking unit on the Goldman Sachs (NYSE:GS - News) business model incorporating vertical integration.
~~ I see this making a good run at the .25+ prices in the near term ~~