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Mikey

06/23/04 5:52 PM

#7351 RE: jim476 #7350

yeah jim......according to some on that board..about $90 bucks,now........lol.......i actually am doing some marketing of one of their products!.........glad the commission structure is nice

wahs_feefj

06/25/04 12:41 AM

#7422 RE: jim476 #7350

Re. AFRT

If my memory is correct, this would be the 2nd massive R/S this year and the 3rd in 12 months.

You would be better off giving your money to the homeless than buying this stock.

I find it amazing that they are able to consistantly get away with this type of abuse without a constant flurry of lawsuits from shareholders.

campe

06/25/04 5:47 PM

#7478 RE: jim476 #7350

AFRT - it's quite the racket. Since the Pres & Director Stephen F. Owens, owns 100,000,000 shares of our preferred stock (and ONLY 140 share of common), he can R/S the common all he wants without affecting his controlling percentage.

You don't see him voting to R/S the Preferred... (LOL)


We have a consenting stockholder, Stephen F. Owens, our president and director, who holds 140 shares of our common stock and 100,000,000 shares of our preferred stock. Mr. Owens will vote in favor of the proposed amendment to our articles of incorporation. Mr. Owens will have the power to pass the proposed amendment without the concurrence of any of our other stockholders.

Pursuant to our Amended Certificate of Designation Establishing Series A Preferred Stock, each share of our currently issued and outstanding Series A preferred stock may be converted into 10 fully paid and nonassessable shares of our common stock. On all matters submitted to a vote of the holders of the common stock, including, without limitation, the election of directors, a holder of shares of the Series A preferred stock shall be entitled to the number of votes on such matters equal to the number of shares of the Series A preferred stock held by such holder multiplied by the number of shares of the common stock each such share of the Series A preferred stock shall then be convertible. Therefore, Mr. Owens will have the power to vote 1,000,000,140 shares of the common stock, which number exceeds the majority of the issued and outstanding shares of the common stock on the record date.