InvestorsHub Logo
icon url

bama4me

06/22/07 9:41 AM

#8700 RE: rwa3848 #8699

really???? Might want to check out VYEY, Victory Energy. They pulled a stunt like that Oct 2006 without any notice. Doesn't mean this bunch hasn't been working behind the scenes to do just that. They are crooks and liars.
icon url

machiavelli01

06/22/07 9:42 AM

#8701 RE: rwa3848 #8699

LOL rwa "dilutive math is bullchit" lol U have fun here now lol
icon url

eglfsucks

06/22/07 9:51 AM

#8710 RE: rwa3848 #8699

MXXR already has the right to do an R/S and doesn't need stockholder approval. They also have the right to increase the approved shares without shareholder approval.

I was told this by John in an email.
icon url

oildragon

06/22/07 9:53 AM

#8711 RE: rwa3848 #8699

rwa3848, 2)If you have to max the authorized o/s share total to keep things going, then do it. You have them available to give yourself the best shot. GOOD FOR MXXR if these activities will get Clovelly started.

Will it be also good for the stockholders ???

All, what made MXXR until now for the stockholders, promises and lying were !!!

What comes as next, further lying and excuses ???

MXXR will say is promoted then oil and gas at Clovelly, and in a later report, MXXR, there says are no incomes !!!!!
icon url

eglfsucks

06/22/07 10:07 AM

#8718 RE: rwa3848 #8699

rwa - you are misleading people here with this statement as it is totally false:

"To have a new authorized total you have become a different business (register anew with SEC & withdraw other registration"

Lots of companies increase their A/S all the time, it is no big deal to do. They can put in in the paperwork to begin with and it doesn't require shareholder approval or they need to let the shareholders vote for it.

Usually an increase in Approved shares is to do a stock split.