InvestorsHub Logo
icon url

pkripper

11/01/07 4:39 PM

#13 RE: steeledge #12

I agree! Somewhere in that sb-2 it stated that the owners have 80-85% of the shares, i believe. I'll have to find some time to further dd. That would put the float at @300,000,000. It broke down how many each shareholder was selling/ able to sell. I have to look. GLTY
icon url

pkripper

11/01/07 4:58 PM

#14 RE: steeledge #12

Disregard my previous post. This is what I read.

American Metal & Technology, Inc. (“AMTI”, “we”, “us” or the “Company”) was originally incorporated on October 13, 1987, under the laws of the State of Delaware as Murray United Development Corporation. We entered into a Stock Purchase Agreement on November 6, 2006 (the "Agreement") with American Metal Technology Group, a Nevada corporation (“AMTG"), pursuant to which we acquired one hundred (100%) percent of AMTG's outstanding common stock from the AMTG Stockholders and AMTG became our wholly-owned subsidiary. In connection with this transaction, we issued 1,213,295,563 shares to the stockholders and consultants of AMTG (1,142,388,273 shares to AMTG's former shareholders, including 20,000,000 shares of common stock issued to AMTG as investment upon completion of the due diligence period to the Agreement, and redistributed proportionally to AMTG's shareholders as of May 22, 2007, and 70,907,300 shares to AMTG's consultants). These shares represent more than eighty five (85%) of our issued and outstanding shares of voting capital stock on a fully diluted basis, and therefore the former shareholders of AMTG and its consultants effectively have control of the Company. On June 1, 2007, we filed a Certificate of Amendment to our Certificate of Incorporation changing our name to American Metal & Technology, Inc.