Gallagher continued, "We've sent all of the paperwork to our attorney to complete our formal name change to TheDirectory.com, Inc. In addition to the 2 billion shares recently canceled, we've made the decision to reduce our authorized share count by 1.650 billion from 5.150 billion to 3.5 billion, improving our capital structure further. Our internal business model shows us turning to a net profit during the first quarter of 2011 thereby reducing the need for any outside financing."
This is what has been made public so far. The facts of the matter are that the A/S count should be at 3.5B unless something else comes out of the call after market on Thursday. Who really knows right now what the O/S count is...