Replies to post #34047 on Extreme Motorsports of California (fka EMOC)

[highline]

I believe that is the dirty little secret that some don't want to discuss.

Google it and you can find the answers. I can't recall all the ins and outs off hand.

I could be wrong but I can't find anything in black and white that says any different.

There should be someone on this board that knows.

[guetzow]

Not possible. 100 billion/3000 = 33,333,333

"4,063,374,509 shares outstanding out of 100,000,000,000 authorized. After the split there will be 1,354,459 shares outstanding out of 33,333,333 shares authorized."

[jen8554]

I think the preferred shares are R/S also but the have alot of them (1.5 billion X 100= 150,000,000,000) 150 billion/3000 = 50 million prefered shares.

If my math is correct they should have 50 million shares
50 million +33 million= 88 million shares authorized

100 Billion total authorized as noted in our previous press release
2,196,689,440 Total Issued and Outstanding
1, 510,000,000 Restricted Preferred
170,141,181 Restricted Non-affiliate
336,543,888 Restricted Shares - Affiliate
Approx. Float: 180,004,371

Approx. 600,000,000 shares sold and not delivered on top of the float.

This is as of Nov. 27,2007 which is the latest

[shortsinthesand]

Thats RIGHT!!!

RE: So there's literally nothing to prevent the gang from doing this over and over and over again, right?

-sands