Then, EESO moved to the 2nd TA. They were doing OK until the Friday that the LOI was mentioned. They were reporting the additional 300M shares in the O/S before it was ever PR'd by the company...which they were not supposed to do. That triggered more rumors of dilution....only to find out at the end of that day that they had only been restricted as per the preliminary terms of the buyout LOI.
I think he's pointing us to the SOS site to watch for changes to the A/S. Since our O/S is nearly maxed out at the 2B A/S level (only about 8-12M shares to play with), they can't do any share trickery unless it involved a change in the A/S. And to my knowledge, any changes to the A/S are reported on the SOS site.
Well if the company did not gag the TA, they cannot tell the TA to say there are less shares issued than there are, that would be a very big no no for the TA and company. Sounds more like an oooops by the company the way you have explained it.
Yes changes in the A/S are reported on the State page, after they are filed though and one can retroactively file to change the A/S with the State, the TA is the authoritative source.
There actually should be a retroactive filing done with the Nevada state for another issue with this company......
Thank you for the background on the TA issue.
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