Replies to post #2368 on Hutech21 Co., Ltd. (CLGZF)

[e-ore]

That's true, because the purchase agreement between Hutech21 and Hutech HongKong is not yet completed.

From the 10k on 4/15:

"Number of shares of preferred stock outstanding as of April 15, 2011: 32,950
Number of shares of common stock outstanding as of April 15, 2011: 551,265"

From the same 10k

"On April 8, 2011, the Company entered into a share exchange agreement, among the Company, Hutech HongKong Co. Limited, a Hong Kong company (“Hutech HK”), Mr. Taehoan Park, and the Shareholders of Hutech HK, Pursuant to which the Company is to acquire 100% of the issued and outstanding capital stock of Hutech HK in exchange for 66,000,000 shares of the Company’s common stock, par value $0.0001, which shall constitute 99.17% of the Company’s issued and outstanding capital stock on a fully-diluted basis as of and immediately after the consummation of the transactions contemplated by the Share Exchange Agreement." (my emphasis)