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joshm6691

01/03/08 11:20 AM

#13770 RE: Iron Lotus #13767

Posted by: joshm6691
In reply to: Brandon2007 who wrote msg# 13739 Date:1/3/2008 10:38:11 AM
Post #of 13769

Chill out guys, the Merger was PRd a while ago, what do you think, we are just merging with a conduit lender for free??, man in what world are some people living?? this is planet earth you pay for things, specially in buzz, and the A/S are the value that conduit lender is getting for it, and is restricted, I am pretty sure they won't be able to dilute as they please, that has more clauses than Santa, LOL. They are just Authorized Restricted Shares, I hope people can see it, this is a time to cheer in stead of be scare, man thanx to the one who found out, I really thank you my friend, keep up the good work, this is really great news to me, remember Carol the CEO told sterv to be watchful of their website for updates, I guess we are going to be surprised big time, we were talking about one deal closing on or before Jan 22, I think there is more to come and before the Jan 22 besides the $6mil loan closing!!!. Have all a great day, buying more, at a good pace.
Josh

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Kyoshi

01/03/08 11:20 AM

#13771 RE: Iron Lotus #13767

sunbiz.org
document searches
inquire by name, enter Heritage Capital Credit Corp.
choose Heritage
look at date of last filing: it is 12/27/2007
then look at list of pdf filings, at bottom
look at top recent one.
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Iron Lotus

01/03/08 11:21 AM

#13772 RE: Iron Lotus #13767

my fault, the one link they have on there leads you to a page where there is only the first picture and not the other pages. this was my fault.
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Renee

01/03/08 11:31 AM

#13776 RE: Iron Lotus #13767

EDITED : Iron Lotus : Raising the Authorized Shares does not automatically mean raising the Outstanding Shares .

Authorized Shares can often be used for asset acquisitions or can be used to entice bigger , better funded private companies
to reverse merge / or equity stake merge / or full partner merge with the public company .

Heritage has been a reporting , SEC compliant OTC company of their quarterly financials which would be a partial pre-requisite for a bonafide private company to consider surrendering their corporate assets into the public company for a fair value amount of shares .

Heritage has clearly stated that they intend to merge with a conduit lender , so granting a fair value amount of HCPC shares must occur for the asset value of the conduit lender .

I view the increase in the Authorized Shares as portending to such a merger occuring imminently , and it should be a logical preumption that the merging conduit entity would not want to
harm their new equity stake by converting their shares into dilutive float shares until well after the share price is much higher .

The above sentiments are absolutely predicated on Heritage Capital being ethical and fiduciarily responsible to their public shareholders .