Replies to post #46171 on Effective Control Transport Inc. (fka EFFC)

[defireman]

The A/S just imposes a theoretical limit on how much they can dilute. The more relevant figure, the O/S, is hidden from view. Heck, they could have diluted to 149,999,999 shares and no one would be any wiser.

That's why people recommend not investing in stocks with gagged TAs.

[P2O I'm from MO]

Authorized Shares can be obtained from State of Deleware still 150m Transfer Agent has been gagged as fro [sic] as Oustanding Shares

From the State of Delaware:

Thank you for contacting the Division of Corporations. When the directors and stockholders approve the change then the corporation would file a certificate of amendment in Delaware. Effective Control Transport, Inc. currently has authorized shares of 150,000,000. Their last amendment to stock was 09/14/07.

Thank You,
Tina Campbell
Corporations Assistant
Division of Corporations
401 Federal Street
Suite 4
Dover, Delaware 19901
Phone: [phone]
Fax: [phone]
www.corp.delaware.gov


I take that to mean the company can do what it wants (seeing as
Raphael controls 67%) and when it notifies the state with the
form filing, the state will update their records. Who makes sure the
company files (timely, if at all) when changes are made? Sure, the IR
guy gives out a number, but I received two different numbers back
to back (200M from Barwicki on 3/10/08 and then the next day 150M
from Stefanakis).

That's really the problem, they're not a reporting company.

Regards.