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watchdog11

07/22/05 10:18 AM

#4781 RE: adam 2 #4774

This is from GEIV's 8K filed yesterday, they will be restricted, as will be the ones you get when you exchange the 3 free trading you have now for the 1 you get of the new company at the close of the deal. Of course, you don't have to do the exchange, but then why would you keep shares in an empty shell?

"In exchange for the assets of NowAuto, GEIV shall issue to NowAuto 8,157,661 shares of $0.001 par value common stock of GEIV (the "Shares"), which NowAuto shall acknowledge as fair, just and reasonable compensation for the purchased assets. The Shares shall be "restricted securities," as that term is defined in Paragraph (a)(3) of Rule 144, under the Securities Act of 1933, as amended (the "Securities Act")."