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Scootter82

05/19/10 10:33 AM

#7643 RE: fAtnhapy #7642

Of course there hasn't yet.

"This authorized shares total reduction is expected to be completed shortly and will be announced when complete. "

Why would we expect it to have happened yet without them first announcing it?
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Scootter82

05/19/10 10:33 AM

#7644 RE: fAtnhapy #7642

Of course there hasn't yet.

"This authorized shares total reduction is expected to be completed shortly and will be announced when complete. "

Why would we expect it to have happened yet without them first announcing it?
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Sheepdog

05/19/10 10:49 AM

#7655 RE: fAtnhapy #7642

He has already stated that fAt. No assumption is necessary. He will use our income to "pay himself back" that money he never gave to the company. I have seen his scam before, actually had to litigate it once.

ILLUSTRATIVE EXAMPLE:

He "invests" $10K and BOTH gives himself the shares for it and a loan agreement for it. Anybody checking about either of these transactions finds supporting data. You have to accidently check for (and notice) that the substantiating data is the same for both "transactions". He then either pays himself back (the loan) or sell the shares usually at a premium to market. In either case, he ends up having stole something from the company and without an independent audit, it is almost impossible for anyone else to detect, (even the SEC)