"""There Are a Large Number of Shares Underlying Our Secured Convertible Notes, and Warrants That May be Available for Future Sale and the Sale of These Shares May Depress the Market Price of Our Common Stock.
The number of shares of common stock issuable upon conversion of the outstanding secured convertible notes and series A convertible preferred stock may increase if the market price exercise of our warrants, may be sold without restriction. The sale of these shares may adversely affect the market price of our common stock. """
" MAY BE SOLD WITHOUT RESTRICTION "
"""" The Continuously Adjustable Conversion Price Feature of Our Secured Convertible Notes Could Require Us to Issue a Substantially Greater Number of Shares, Which Will Cause Dilution to Our Existing Stockholders.
Our obligation to issue shares upon conversion of our secured convertible notes is essentially limitless. The number of shares of common stock assumable upon conversion of our secured convertible notes will increase if the market price of our stock declines, which will cause dilution to our existing stockholders.""""
" COULD REQUIRE US TO ISSUE " " ESSENTIALLY LIMITLESS " " SHARES " " WHICH WILL CAUSE DILUTION TO OUR EXISTING STOCKHOLDERS "
------------- is it reasonable to interpret that the DILUTION is ESSENTIALLY LIMITLESS, and stock will be sold WITHOUT RESTRICTION ?
I can only guess or imagine that millions if not billions of shares will be sold - perhaps a HUNDRED BILLION shares
of course like all my posts, not advice to buy or sell a stock disclosure, i bought, and have been trying to sell since i read the Florida document that i interpret gives them the right to issue 100 Billion shares...
not advice to buy or sell a stock, consult your own stock advisor and make your own decision.
Just noticed that Joe Overcash is the beneficial shareholder that 3 weeks ago approved a raise of Authorized Shares from 5 billion to 15 billion for Plateau Mineral Development, Inc. (PMDP)
I recognized that name from some research I did a while back into the original shareholders of BEHL
Before reading further please review this post I made a few weeks ago when first starting to research BEHL:
BENEFICIAL OWNERS (5% or more): DANIEL MOTSINGER 83,573,295 BAF CONSULTING 11,250,000 POWER NETWORK, INC. 10,291,005 STARR CONSULTING INC. 8,750,000
I FOUND OUT THAT THERE ARE SEVERAL PEOPLE INVOLVED IN THIS GROUP THAT WERE PURCHASING SHELLS AND RESELLING THEM BECOMING BENEFICIAL OWNERS:
STARR CONSULTING, INC. By: /s/ Daniel Starczewski Name: Daniel Starczewski Title: President Address: 932 Burke St. Winston Salem, NC 27101 Date: June 2, 2008
POWER NETWORK, INC. By: /s/ Joe V. Overcash Name: Joe V. Overcash Title: President Address: 1020 Brookstown Ave., Ste. 30 Winston Salem, NC 27101 Date: June 5, 2008
BAF CONSULTING, INC. By: /s/ Barbara Morelli Name: Barbara Morelli Title: President Address: 932 Burke St. Winston Salem, NC 27101 Date: June 5, 2008
NEW AGE SPORTS, INC. By: /s/ Ashley Martinez Name: Ashley Martinez Title: President Address: 1020 Brookstown Ave., Ste. 30 Winston Salem, NC 27101 Date: June 5, 2008
PROJECT DEVELOPMENT, INC. By: /s/ Daniel Motsinger Name: Daniel Motsinger Title: President Address: 932 Burke St. Winston Salem, NC 27101 Date: June 5, 2008
SEVILLE CONSULTING, INC. By: /s/ Kelli M. Myers Name: Kelli M. Myers Title: President Address: 1020 Brookstown Ave., Ste. 30 Winston Salem, NC 27101 Date: June 5, 2008
MBA INVESTORS By: /s/ Thomas Pierson Name: Thomas Pierson Title: President Address: 8050 N. University Dr. #202 Tamarac, FL 33321 Date: June 5, 2008
YT2K, INC. By: /s/ Richard Muller Name: Richard Muller Title: President Address: 8050 N. University Dr. #202 Tamarac, FL 33321 Date: June 1, 2008
ACTIVE STEALTH, LLC By: /s/ Richard Muller Name: Richard Muller Title: Manager Address: 8050 N. University Dr. #202 Tamarac, FL 33321 Date: June 1, 2008
Now read this litigation file from earlier this year - you'll recognize all the same names from my research into the original BEHL shell owners:
Joe Overcash just recently showed up involved with Anthony Welch here on PMDP - Welch of course is infamous for killing pink sheet companies with stock dilution and never using a penny of the money to put back into the shell for operations. He pockets it all. Bought himself a nice mansion in the Bahamas and opened a new business there.
He is the beneficial shareholder that 3 weeks ago approved a raise of Authorized Shares from 5 billion to 15 billion for Plateau Mineral Development, Inc. (PMDP)
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