Replies to post #13362 on SUTIMCo International Inc (SUTI)

[Obi-Wan Kenobi]

Nope. Not today. They can't touch those shares yet. And you're merely assuming what the intent is. But the Shareholder Update will fill all of us in.

[BHawksFan77]

A/S increase is due to AquaStar aquisition of SUTIMCo:

"As part of the agreement, AquaStar has acquired 100% of the shares of SUTIMCo in exchange for $9,500,000, payable in $4,000,000 of preferred stock in AquaStar and $5,500,000 in cash to be paid within a 24 month period from the date of closing."

$4,000,000 in prefered stock (at 0.001/share) = 4,000,000,000 shares.

Although we do not know restrictions of prefered shares, I am not expecting the float to change in the near future.