What are the odds of getting a +100% return from this level.. FWIW repost from rheddle yesterday...
Posted by: rheddle Date: Thursday, July 16, 2009 4:32:05 PM In reply to: bradforj who wrote msg# 17857 Post # of 17941
STHG ** CEO conversation today ** I spoke to Eric Stratton just now and have the following update:
He canceled over 100 million of his own shares. Those shares were reissued (Eric claims about 110 million shares although he didn't have the figures in front of him) to the private investor that is providing the $1 million in financing.
This explains why the OS is 494 million (confirmed with TA Pacwest transfer today) and the AS is 495 million.
Next week we should see the following:
1. Pinksheets updated to "no information" after STHG pay the balance of the monies to pinksheets. 2. Press release concerning a letter of intent associated with the financing. 3. New website which will include a section containing images of corporate documents that create greater transparency for shareholder. These docs will allow us to look over documents such as the letter of intent described in section "2" above.
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