InvestorsHub Logo
icon url

inside guy

04/12/11 3:49 PM

#2460 RE: 56Chevy #2459

Jan. 3rd 8-k section 5. As of the Closing, the Company’s authorized capital will consist of (a) 200,000,000 shares of common stock authorized (the “Common Stock”), of which 97,053,044 shares are issued and outstanding, 10,291,528 of which are freely tradeable without any restrictions or Encumbrances and 86,761,516 of which are restricted under the Securities Act, (i) with each holder thereof being entitled to cast one vote for each share held on all matters properly submitted to the shareholders for their vote; and (ii) there being no pre-preemptive rights and no cumulative voting; and (b) no shares of preferred stock or any other class of security. Except as set forth on Schedule 5.10, the Company has no shares reserved for issuance pursuant to a stock option plan or pursuant to securities exercisable for, or convertible into or exchangeable for shares of Common Stock. All of the issued and outstanding shares of capital stock of the Company are duly authorized, validly issued, fully paid and nonassessable. No shares of capital stock of the Company are subject to preemptive rights or any other similar rights. Except as set forth on Schedule 5.10, there are (1) no outstanding options, warrants, scrip, rights to subscribe for, puts, calls, rights of first refusal, agreements, understandings, claims or other commitments or rights of any character whatsoever relating to, or securities or rights convertible into or exchangeable for any shares of capital stock of the Company or arrangements by which the Company is or may become bound to issue additional shares of capital stock of the Company, (2) no agreements or arrangements under which the Company is obligated to register the sale of any of its or their securities under the Securities Act, and (3) no anti-dilution or price adjustment provisions contained in any security issued by the Company (or in any agreement providing any such rights).
icon url

carp1

04/12/11 4:03 PM

#2462 RE: 56Chevy #2459

So you are counseling me and giving me investment advice I didn't ask for, "prudent insight on investing" c'mon.... I've done very well on my own and will not take advice from some stranger on a stock message board!
icon url

BKMUC

04/12/11 6:02 PM

#2464 RE: 56Chevy #2459

To be clear here...no PPS or anything else is drifting to any price that the group of purchaser's paid for...that's just a ridiculous statemenet...the PPS can be at .04 in 1-2 days again and nobody cares so i really don't understand this stupid discussion!!!

It's quite obvious that somebody took the bid down by dumping shares at a lower than bid PPS to get the entry point down...no big deal at all and i could do it on any low floater!!!

But this will never go below .01 or to a PPS that the group of purchasers paid...absolutely ridiculous and it seems that some are in their first R/M play here!!!

We know how it works and don't need any advice...thx!!!
icon url

Fishing at Surfside

04/12/11 11:08 PM

#2466 RE: 56Chevy #2459

"You've been given some prudent insight on investing."

Where?