The number of shares of Common Stock, $0.001 par value, outstanding on November 8, 2006, was 499,854,216 shares.
On June 11, 2004, we amended our Articles of Incorporation changing our name from Fortis Enterprises to Renovo Holdings. We also increase the total amount of authorized common stock from 100,000,000 to 500,000,000 shares.
OS: 485M 485,479,216 issued and outstanding as of 8/9/06, 3/31/06, 12/31/05, and 9/30/05 10Q's NO DILUTION in over one year
The prior OS was 214,149,409 shares March 1, 2005
On August 17, 2005, the Company issued 200,000,000 shares of its par value common stock to its sole officer in exchange for accrued salaries valued at $120,000.
Mr Carnes acquired 200,000,000 on 08/22/2005 (form 4)
Mr Carnes acquired 14,375,000 on 09/06/2006 (form 4)
Mr Carnes holds 259M of the 485M OS. That leaves a float of 226M or less.
On May 15, 2006, the Agreement and Plan of Merger, as amended, by and among the Registrant, its sole officer, director and principal stockholder, Stephen W. Carnes, and ei3 Corporation, a Delaware corporation (“ei3”) was terminated. The Registrant had been evaluating a potential extension of the merger agreement, however, as of June 7, 2006 the Registrant’s sole board member decided to terminate all communications and negotiations with ei3.
As a result of the termination of the merger agreement, the Registrant will continue to be a “shell” company and will seek potential merger or acquisition targets.
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