There was a minor holdup, which is going to be a small explaination. Pardon me if I spell this out for a new investor, I do not mean to insult or talk down to you in particular, just want to tell the full story.
Shats Holdings inherited this company with 1.7 BILLION shares Outstanding. 1.2 Billion of those were "control" shares designed to keep voting rights as per the old management.
When Shats took over, the first thing they did was to eliminate those 1.2 Billion shares, and create 2 million Preferred. These Preferred have a 1:1 conversion rate so they are basically worth only 1m common, but have Super Voting Rights, I *THINK* 1000:1.
So whomever controls the Preferred controls the company.
Soooo... something SNAFU'd when the changeover happened, and these Preferred shares were delayed in getting to the Porters. They received them JUST before the last PR, so about a week or 10 days ago.
As any smart businessman would do, they sat waiting for these shares BEFORE instigating any administrative changes. Since they got them a week or so ago, I'm GUESSING that they will be uploading the financials and other information required to become Pinksheets Current and the paperwork required to change the Ticker symbol and CUSIP number.
IMO... Keep watching the Nevada SOS site. They are generally the fastest to update and I'd bet thats where we'll see the first change.
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