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greedy__malone

08/25/10 12:43 PM

#99003 RE: banyon #99000

banyon do you mind if I answer?

(1). Share increases are vital pieces of information as it creates a different scenario for the company and the value of the current shares.

Would you be comfortable buying a "one of a kind" item if you knew the company had increased the number of "one of a kind" items and was openly selling them to others without disclosing they had increased production which is devaluing the "one of a kind" item you already bought?

More shares means a lower value for the shares that already exist. So, how could anybody not be interested or concerned about it?

(2). It is also about transparency. Why would they not announce this to their shareholders when it does change the value of the company and the shares already held? What is the harm in being open about it, detailing why you did it and how the shares will be used? The veil of secrecy only makes it look shady and as if it was done behind the backs of shareholders.
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FuzzyGummyBear

08/25/10 2:32 PM

#99031 RE: banyon #99000

Banyon .. my disappointment as a shareholder

Is a combination of many things. I am not upset that I wasn't informed of the amendment prior to it being submitted. I am disappointed in the response I got when I inquired about it. The response was a lie in my opinion.

Regarding the share increase. Shareholders were warned that it might happen. I give them credit for including it in the financials. However the fact that Dennis said ~two weeks prior that there would be no increase and the new contract would cover expenses for the year. I feel he was dishonest during the interview.

I am disappointed that the Up-listing is not happening now. Because I viewed the up-listing and an opportunity to have an actual audit completed. The company is mum about the audit. I can't even get a crappy reply on those emails.

The Notes Payable section of the financials show a potential conversion of between 500,000,000 and 700,000,000 worth of common shares because of matured debt. If the new shares are not used to support the company, Existing shareholders are going to get bent. no matter how you slice it.

Without an Audit and honest management.. how can anyone not be upset by the latest increase?