Replies to post #54 on Freestar Technologies (fka FSTI)

[SKI4FUN2]

Midas:

You brought up a good question about authorized shares. I went back through the filings, but I only found authorized shares of 20,000,000 and 80,000,000. Am I missing some info? Anyway, you brought up a good point regardless, as I couldn't find a DEFS14A, Definitive Proxy Statement; nor a PRES14A, Preliminary Proxy Statement for the additional shares.

It is also interesting to note the "burn rate." LOL
De ja vu????


From the 2/14/01 filing:

Common stock, $0.001 par value, 80,000,000 shares authorized; 42,833,552 shares issued and outstanding


From the 11/27/01 filing:

Common stock, $0.001 par value, 80,000,000 shares authorized; 19,650,250 issued and outstanding



From the 8/9/01 filing:

Common Stock, $0.001 par value, authorized 20,000,000 shares; issued and outstanding at
6/30/2000, 5,969,000 common shares
Issued and outstanding at
6/30/2001, 6,861,500 common shares