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53chevy

05/07/08 10:50 PM

#9799 RE: Brookwinn #9796

You're on the right track........now put it together for the answer.......

belize60

05/08/08 10:55 PM

#9807 RE: Brookwinn #9796

Lion, I am not that knowledgable on the filings and what each one is for but do you think it could be tied into the requirement for uplisting to the BB board? Surely we should be able to solve 53's riddle with out him. With the new company name they may have to make sure it is registered correct. If it is part of the uplist plans we should be real close to seeing us move out of the pinks. I would guess within the next few weeks. JMO Anybody else have a different answer?

nsomniyak

05/08/08 11:04 PM

#9808 RE: Brookwinn #9796

My take is that the full 150MM authorized are now classified as "registered". Registration means shares can be sold without restriction. Generally, registration applies to issued shares, and has the effect of making previously restricted issued shares free-trading.

It looks like MTRE has deemed the entire class of common shares (about 10MM issued and 140MM authorized but not yet issued). If any or the issued shares held by mgmt had previously been restricted, they no longer are. I would be tthat if you did a deep analysis of the earlier CCWW capital structure, some of the authorized shares were restricted in some fashion.

My guess is they may issue shares as part of the payment for the upcoming acquisitions. How many is the key question. This filing means that any shares they issue will not be restricted by default per the terms of the share class (but I beleive that MTRE could make them restricted for some period of time as part of the terms of the ACQUISITION DEAL if that worked for both MTRE and the sellers of those companies.