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mastaflash

10/22/10 3:35 PM

#7731 RE: woogieboogiedance #7730

From the S1: "On May 1, 2010, the Company authorized the issuance of 28,500,000 shares of its common stock to Big Apple Equities, LLC, in consideration for $100,000 of investor relation consulting services, pursuant to Regulation 504.

Shares are probably restricted, unless they fall under REG 504 exemptions. I'll find out.
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mastaflash

10/22/10 3:40 PM

#7732 RE: woogieboogiedance #7730

BTW, they need to sell those shares @ .0035 or higher to get their $100K....as it is, they will get <$20K, if they are lucky.