Replies to post #280 on Mobilestream Oil Inc. (fka MSRM)

[reversetaxman]

The catch is that when the restriction expires there will immediatly be at least twice as many shares outstanding. I have never heard of an agreement like this. When I read the announcement, I thought that the restriction only applied to "insider" stock, but in reading the 8-K, It appears to apply to all of the stock. My only conclusion can be is that Pringle was the major shareholder in GBRC after the CRC sale to GBRC. After the GBRC/MSRM merger he will still hold the majority of tradeable shares and be in majority control. We the outside shareholders will get the shaft, Pringle will get the gold. Now I understand what all the elaborate "development corporation" mergers was all about.