STHG converted 630,000$ (debt)in 20 million restricted
shares@0.0315 per share$$$$$$$$
from pinkseets:
july 15
Since December of 2008 the company has made efforts to execute a transaction with previous board members for the conversion of $630,495.33 into 20,000,000 common shares of Stratton Holdings, Inc. Due to the lack of clarity provided in certain SEC provisions and conflicting legal opinions from legal counsel it was determined to issue the debt holders 20,000,000 shares of restricted stock. This stands until further clarification and resolution is provided and agreed upon by legal counsel to ensure the company abides by SEC regulations regarding exemptions and how they relate to the issuance of unregistered free trading shares. Total Authorized: 795,000,000 Total Outstanding: 701,056,686 Total Restricted in Cert Form: 164,404,282 Total Non-restricted in Cert Form: 60,474,330 Total Free Trading Shares: 476,188,074 Share Structure as of 15 July, 2010
on the Top of this great NEWS the main Question is :
What this lender eyes has seen to accept converting 630,000$ into 20 million restricted shares @ 0.0315 per share while the price is still trading under 0.01!!!!
Agreed FRAKSTER...that filing alone says more about where this stock is going over the next 12 to 18 months than any material developments to date...as wiping that much debt off of Stratton's books for 1 year restricted shares only sends the strongest message possible of what kind of forward events approach and how much intrinsic value STHG's newly established growth model can and will deliver over the next +12 months glty:)