Considering the stuff above the quote you mention, it could be just a bunch of made up numbers like the revenue. The A/S was increased to 800,000,000 (original A/S was 200,000,000!!!!) after this IIRC, Frankley i do not know and don't know that anyone here would/could know.
Selling shares for revenue is not done in the manner they did, the shares either need to be registered or be exempted. They have not been show to have either things applied to them as far as the OSC says and the company has shown nothing to prove that either.
DeVries is the mastermind who has done this stuff before, Petar and Ammerman are almost as bad and it remains to be seen if the suljas were patsys or totally in on it. Personally i think they are all just as guilty.
"Sulja Bros. has achieved steadily increasing revenues since its inception that now average over $30M annually. The company currently has assets totaling more than $25M. It is projected that once Sulja Bros. settles into its new role, revenues could top out at the $200M+ within twenty-four months. The increased inventory alone could place the company's assets at over $125M.
Also, LFWK disclosed its share distribution; a request by Consultech aimed at providing shareholders as complete a disclosure as possible prior to finalizing the LFWK vehicle takeover. The shareholder ownership as described is as follows:
-- 500,000,000 authorized
-- 100,000,000 control block held by Ammerman
-- 200,000,000 in Treasury earmarked for Consultech ownership during and after takeover
-- 50,000,000 in certificate form, owned by enumerated insiders and NOT TRADING.
-- An additional 78,000,000 owned in various certificate and electronic form that is also held by LFWK insiders and accounted for as not currently trading.
-- Leaving approximately 72,000,000 free-trading shares in the public float (50M of which can be accounted for by LFWK management as issued to non-insiders).
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