Replies to post #4697 on Fifty 1 Labs Inc (FITY)

[Churak]

I don't think that the 30 are the two. If you read the K, it clearly says that the two dudes own 5.3 mil of the 6.8. The other 1.5 mil are owned by 30 others...IMO.

[Churak]

that's weird...this is from the K:

ITEM 11. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT


Security Ownership of Certain Beneficial Owners and Management


The following table sets forth as of December 31, 2004 certain information regarding the beneficial ownership of our common stock by:


1. Each person who is known us to be the beneficial owner of more than 5% of the common stock,


2. Each of our directors and executive officers and


3. All of our directors and executive officers as a group.


Except as otherwise indicated, the persons or entities listed below have sole voting and investment power with respect to all shares of common stock beneficially owned by them, except to the extent such power may be shared with a spouse. No change in control is currently being contemplated.



TITLE OF NAME AND ADDRESS AMOUNT AND % OF
CLASS OF BENEFICIAL OWNER NATURE OF CLASS
BENEFICIAL
OWNER
--------------------------------------------------------------------------------------------------------------------------------------
Common Jamie Kerr, President and 5,150,000 97.17%
Stock Director (1)


Common John Shaffer, Secretary, 150,000 2.83%
Stock Treasurer and Director (1)


Officers and Directors as a Group 5,300,000