Reduction to 20 million = 57,391,750 shares that are going to be retired! ALSO, THE 5,000,000 RESTRICTED COULD BE INCLUDED IN THIS AS WELL SO IF THAT'S THE CASE, IT COULD BE 62,391,750 BEING RETIRED.
The O/S is 143,824,000 in which 77,391,750 shares is the true float BECAUSE 66,432,250 shares of the O/S IS NON DILUTABLE under a financing agreement that the company instituted........
So, someone had best to come up with 57,391,750 REAL CERTS that will be retired at the Transfer Agent........
Shareholder equity Common authorized stock = 700,000,000 par value of $0.001. 143,824,000 issued and outstanding on 06/30/10. There are no changes in share holder equity. It is important for shareholders to note that the outstanding and issued figures have not changed. The relative float has increased due to the fact that as explained through public disclosure, 8000inc has been able to utilise “its” stock to create cash finance for the acquisition of businesses and the progression of the core business. The stock utilised for this purpose, is non-dilutable and is not placed on the market. Therefore the actual available float is and still remains 77,391,750. These financial statements are prepared in accordance with generally accepted United States accounting principles (US GAAP) pursuant to the guidelines promulgated by the Pink Sheets; the issuer intends to comply with all reporting obligations.
Good luck to anyone that has been selling shares naked here is all I can say about that.
IMVHO, the presence of ETMM on level 2 after they have only traded 45,000 shares this entire year is telling me someone is VERY VERY NERVOUS............ GLTUA
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