Replies to post #32898 on SurgLine International Inc (SGLN)

[Doxen]

The counterfeit shares are only relevant to the MM's, right? There's no way that we as shareholders could be holding them?

[Climacus]

Klee...Here is what I've been able to trace around.

The shares that Surgline created were ALL restricted and given to insiders. There were approximately 250 million shares created by Fong prior to the Surgline acquisition and given to debt holders. I have not been able to trace the other 150 million shares, though I am thinking that they were also created by Fong in exchange for debt relief. The calculations that I made were from the numbers from May 1st through July 31st. I think the other shares were created in March or April; which is where we get the 900 million float. Essentially, Surgline didn't create any shares for the MM's. The debt holders are deciding our fate. The question is how much have they dumped into the market.

The 900 million came before the Surgline acquisition in exchange for debt relief. GO $CNUV!