Replies to post #5932 on Intelligent Living Inc. (fka ILIV)

[My4ntoy]

SMaturin.. I am not sure if he's been able to keep up with it. Several folks jumped ship, while others have added including myself. It could be a wash.




Posted by: SMaturin Date: Monday, August 23, 2010 10:18:43 AM
In reply to: cobramatteo who wrote msg# 5930 Post # of 5935

It is also a large chunk of the float:

3.65M/16.96M = 21%

One does not put shares into a family trust without some expectation that they will hold and gain value long term:

http://investorshub.advfn.com/boards/replies.aspx?msg=53395067

Between their shares and the longs on this board, how much of the float is locked? (River?)

[AliAngel]

Do not forget about this from May as these are not yet spoken for by anyone and not sold at market yet either.


ITEM 3.02 UNREGISTERED SALE OF EQUITY SECURITIES


On May 21, 2010 we issued a total of 53,250,000 shares of our common stock to eight shareholders for services rendered to us. In addition, on such date we issued a total of 708,200 shares of our preferred stock to three shareholders for services rendered to us. This included 620,000 shares to Lee Miller through his Miller Family Trust, 84,200 shares to David Otterbach and 4,000 shares to David Worrell. These individuals are all members of our Board of Directors and Lee Miller is our President and CEO.


We claim an exemption from the registration requirements of the Securities Act of 1933, as amended (the “Act”) for private placement of these securities pursuant to Section 4(2) of the Act and/or Rule 506 of Regulation D promulgated thereunder since, among other things, the transaction does not involve a public offering, the Investor is an “accredited investor” and/or qualified institutional buyer, these shareholders had access to information about us, the shareholders are taking the securities for investment and not resale, and we are taking appropriate measures to restrict the transfer of the securities.

[riverandfold]

Based on my current #'s, I'm showing approx 58% of the Float is locked up, this includes Miller's 2.5M shares.

I try to keep it updated if I see anyone post their share count and if I get any PM's or emails. I do want to continue track it. But it's not going to be 100% accurate, cause I'm sure some peeps that have sold recently haven't told me they have sold.