Replies to post #18041 on PBS Holding Inc (PBHG)

[Kool Aid Man]

"updates of the Authorized Shares (AS) from the Secretary of State (SOS) always trumps the update from the Transfer Agent (TA). The SOS of a company is the one that feeds the AS update to the TA. This is initially done by the company and then usually the TA keeps the share structure on a regular basis. So, with the AS... the SOS is the official authority. "

Therefore, the A/S of PBHG is 11 Billion.. not 3 as currently reported on OTC. That means Eddie has printed an additional 8 BILLION shares as of 10/14/2016. Mind you, he has not filed a quarterly report, financials or anything else with OTC since May 2015.. over 4 years ago. It's not a T/A's job to keep up with a companies SOS filings. Management has to tell them how many shares are authorized.

Click the following link and "Additional Details" to see the A/S is 11 billion. Or click "History" then the Adobe PDF icon to download and view actual documents filed with Wyoming Secretary of State
https://wyobiz.wy.gov/Business/FilingDetails.aspx?eFNum=189147228254057064198143184069132128058047184245

[The Night Stalker]

0007 break needed here

[glens0]

Re-post PBHG
Depending on the size of the acquisition coming into PBHG, the AS won't matter. But just as an FYI...

The updates of the Authorized Shares (AS) from the Secretary of State (SOS) always trumps the update from the Transfer Agent (TA). The SOS of a company is the one that feeds the AS update to the TA. This is initially done by the company and then usually the TA keeps the share structure on a regular basis. So, with the AS... the SOS is the official authority.

However, it's the other way around regarding the Outstanding Shares (OS). The TA is the official authority for obtaining the OS updates. However, the company info usually trumps what's at the TA since that info comes from the company, but I have seen where it was the other way around due to the company not having the correct info in their books for their audit trail from their internal bookkeeping.

Now that PBHG has a new TA, I'm confident that an official audit trail of their share structure will be done. There will be an official accountability of shares that will take place plus any old note holders won't be able to convert under a new management that I suspect will be taking over from the merger that's coming in like what's transpiring over at AURI per the same team.

v/r
Sterling