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TheBocx

04/30/09 1:59 PM

#18980 RE: Gold Seeker #18979

<Would it be legal for Moro to issue enough stock to pay his employees for multiple months in advance?>

That is a legal question and I am not a lawyer. However, the company has a lawyer, an accountant and an auditor and therefore I am pretty sure that what they are doing is legal.

<Is the company going to correct the errors on the total stock outstanding in the past two filings?>

I cannot tell what the company is going to do or not and I am not sure I understand your problem with the numbers in the filings. From what I gather, you say there is a difference of 2M shares. Now, that is more or less the amount of warrants exercised by Wittenberg. I do not know how they count the shares, but it could be that the owner exercises the warrants but the shares are not issued until some time later. In the meantime they would still be exercised but not added to the number of outstanding shares since they are not issued.

The entire point is moot, however, because your beef was that they tried to deceive the public by 'hiding' those warrants/shares when in fact you were looking at the wrong document and the conversion was already announced on the 10K.

If I were you I would stop screaming foul all the time because a lot more often than not, facts and logic end up proving your points wrong.

Did you notice that instead of the stock dropping like a rock, as you predicted, the price is holding between 6c and 8c despite the volume, which in one and 1/2 days amounts to 500,000 shares. That is very good and it means that as soon as something good is announced, it might bounce up higher.