Replies to post #12397 on Techcom Inc (TCRI)

[InvestorSuisse]

Yesterdays PR explains the AS
On October 22 2002 the company completed a filing on Pink Sheets where amongst other things the company informed the markets that it intends to recapitalize to 9.8 billion shares in order to pay Mon Arc Corp (MONA) for the rights of Beijing Innotrek, TiDi Gaming and certain other obligations. The complete filing can be found by visiting this link.


All of the shares to be issued, once the company is recapitalized, shortly will be restricted shares, and will not enter the market for some time to come. The company is currently doing everything in its power to recover approximately some 3.5 billion shares issued by the previous management to various entities, and will provide further updates as they become available.

[anand1]

So that indicates that the company is transparent.On October 29th they did mention about increasing AS to 9.8 billion for the specific reasons. The 1.7 billion shares retired to treasury will not reduce the AS. It is considered to be un-issued. Un-issued shares do reduce the OS. So theres nothing wrong with shares......it is 9.8 billion and company is transparent in what its doing.