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twilko

09/01/11 10:04 AM

#10130 RE: richrichrich #10128

Yes, I am familiar with that. I was just starting on a track to get things straight. There are certainly secrets in the closet, but this might open the door on all of them. Let us hope so. First things first!
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The Rainmaker

09/01/11 10:16 AM

#10133 RE: richrichrich #10128

You missed the part where they returned all these pref. shares to IFRS...

Additionally, the Company issued 500,000 shares of Preferred A stock to Propalms and Propalms was to invest up to $250,000 into the company over a period of 120 days. Propalms subsequently invested $17,809 and returned 464,382 Preferred Series A shares to the Company
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The Rainmaker

09/01/11 10:19 AM

#10134 RE: richrichrich #10128

Also, I went scouring the other night and there is no IFRS stock left on that other stocks balance sheet. The marketable securities listed on that other stocks balance sheet was for when they sold propalms back to the CEO and he rolled it into some other shell. propalms got $1 million dollars worth of that other shells stock. That's the marketable securities you see on propalms balance sheet. So you missed the part where all those pref shares got returned to IFRS and you confused the stock propalms got in that other shell which has nothing to do with IFRS.

So bottom line, based on filings of each company those guys have no IFRS stock to sell.

Just to triple check, then I backed out and matched up the pref shares issued for Aqualiv merger etc and there's nothing left not held by IFRS side of the deal. So as a triple check the pref share totals also show those other guys have no stock to sell.