Doc, a few points:
1) The DB share issuances are for "partial payment" of the debt, no details in the last few 8-Ks.....so we don't really know how much principal was paid off....
2) It says the officers' shares have been granted, not issued, but it sure doesn't say that for DB....ex:
"""On January 29, 2007, we issued authorized the issuance 4,000,000 shares to Denise Barbato pursuant to the debt consolidation agreement dated January 8, 2004. The shares are valued at $336,000. The shares were issued as a partial conversion of the amount due and payable under the terms of the agreement"""
(note that the date 2007 in the above is probably wrong....and to me, the use of WERE issued means past tense).
3) While the Co touts its "fully reporting" status, they have been out of compliance (or had "weakness", in their words) on more than one occasion.....from the 2006 10-K:
"""We received no reports covering purchase and sale transactions in our
common stock during 2006, and we believe that each person who, at any time
during 2006, was a director, executive officer, or beneficial owner of more than
10% of our common stock complied with all Section 16(a) filing requirements
during 2006, except as follows: (1) Jack Young did not file a Form 5; (2)
Patrick Herda did not file one Form 4 relating to the disposition the one
million shares , and (3) John Powers did not file a Form 4 relating to the
exercise of his 250,000 common stock options"""
then, they were out of compliance again in 2007 (see last 10-Q for the third quarter).
4) If all these shares are just being "granted", and not issued, how has the outstanding more than doubled in the past 3 years???.....also notice that they say in their 2006 10-K that most shares are freely trading:
"""As of December 31, 2006 our stock transfer agent records indicate that our
company has approximately 530 shareholders holding 53,665,644 common shares. The
company believes that the actual number of shareholders is greater due to the
fact that the majority of the company's common stock is freely tradable in the
public marketplace wherein individual shareholder information is unavailable or
unreliable."""
I posted the likely Transfer Agent in the I-box, why don't you call them and find the share structure????
5) """NOW ask yourselves....how will Herda sell 4 million shares...at this depressed value...his shares will not have any value....The only way that he or the other yahoos can make some dough is to get a buyout!!!!"""
or give themselves a nice raise......for doing what, exactly????....and since they said most of the shares are "freely tradable", why is there no voting????.....can a person vote using shares haven't been issued to them yet?????.....where are the voting rights of the peon shareholders with this Co????
"""....where is all this going to come from.....Obviously from a buyout...."""
the buyout was a TO for all fully diluted shares, until we see a filings, we don't "obviously know" where the funds for the raises will come from.....are you saying IA will not only tender the shares, but also pay the salaries????....if the shares eventually DON'T get tendered, the salary funds will have to come from somewhere else.....take a guess what that source might be....
anyway, we'll have to wait and see what the 2007 10-K and 1st quarter 2008 10-Q has to say in the coming months.....there's lots of conjecture and statements in your post that you put out as fact, but, as I have shown, you're making a lot of wild potshots.....
just like you did when you told us (how many times now???) that the TO is coming in a few days.....I'm sure you know, that even if IA is private, its against SEC regs for them to tell you something like THAT, and not in the public domain....
PS: I'm buying STHK, for an anticipated nice profit in the next few months....
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