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Loonley Tunes

12/14/10 12:30 PM

#24701 RE: Loonley Tunes #24699

in last 10q, page F-11,

NOTE 7 – CAPITAL STOCK

... The Company is authorized to issue 3,500,000,000 shares of common stock, with a $0.0001 par value per share as of April 22, 2009 as approved by the majority of the Company stockholders. Prior to the April 22, 2009 share increase, the Company was authorized to issue 1,400,000,000 shares of common stock with a $0.0001 par value per share. In addition, the Company is authorized to issue 60,000,000 shares of preferred stock with a $0.0001 par value per share.

As of September 30, 2010 and December 31, 2009, the Company has 764,496,874 and 675,478,445 shares of common stock and no preferred stock issued and outstanding, respectively. ....
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Slyder75

12/14/10 12:32 PM

#24702 RE: Loonley Tunes #24699

Authorized is 3.5 Billion...

O/S will be roughly 800M by the time revenues hit and the company has the ability to sustain it's own cash needs.

If you read through the 2Q and 3Q PRs from Laky, they targeted cash sustainability by year end.