InvestorsHub Logo
icon url

ltt05

08/22/10 10:32 PM

#1246 RE: tvmetguy #1245

This is the e-mail I just received from them. It does not seem like they have any plans to reduce the stock.

Dear Mr.Thompson,

Thanks for your message.

Due to various corporate action laws of the State of Nevada, we needed to increase our authorized capital to a very large number in order to complete the restructuring we needed for our going public transaction in an efficient manner that cost the company the least amount of money. We have no intention of issuing all 12 Billion shares.

Also at present, we don't have any plan for issurance of the stock in quantity.

Best regards,

Mickey Jiang
Heli Electronics Corp. (OTCBB: HELI)
Office Tel: +86 020 36356928
Email: mickeyjiang@haier-ia.com
Web: www.helielectronics.com


Message It states in your Form 8K that you have 12 billion shares of common stock authorized. What exactly do you plan on doing with this stock? Are there any plans for issuance of this stock in the near future? Thank you.
icon url

saigai

08/22/10 10:44 PM

#1248 RE: tvmetguy #1245

super dd...thanks