News Focus
News Focus
icon url

Zorax

03/01/11 1:28 AM

#5332 RE: nodummy #5330

-> Wow that was put out this morning to go into affect tomorrow morning when the market opens. The stock was already trading at $.0001. Those poor shareholders.

~!~ No. I think that was announced monday morning before monday market open for MONDAY...2 hour notice....
icon url

janice shell

03/01/11 4:20 PM

#5360 RE: nodummy #5330

HSCOD did the r/s this morning; it was on the daily list yesterday.

But here's something I'm not getting...

At OTCMarkets, the company claims its o/s is 584 shares as of today. It gives no figure for the authorized.

http://www.otcmarkets.com/stock/HSCOD/company-info

Yet on 23 December 2010, Zoyes filed an amendment to his Florida corporate data, raising the a/s to 6,010,000,000.

http://www.sunbiz.org/pdf/89048096.pdf

Then on 11 February, he filed a new amendment, in which he noted that the stock would split 1:125 and that the a/s would be lowered to a mere 3,010,000,000.

http://www.sunbiz.org/pdf/93328197.pdf

He needs an a/s of 3 billion common when he has 584 shares outstanding? Something's gonna happen, and it won't be pretty.

But... If shareholders had been checking with the Florida SOS regularly, they'd have known about the pending r/s.