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the count1

04/16/12 12:31 PM

#4851 RE: DJ Ponder #4850

It's right on the otc financials from
After the reverse split.

Lists enright, Scaglione, and Goldberg and shares they owned... 0 preferred shares.

Then below that listed the three entities with the 30 million shares of preferred each.... Without disclosing they were owned or controlled by management.

It would be easy enough to pull up and paste

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the count1

04/16/12 12:33 PM

#4852 RE: DJ Ponder #4850

Technicalities seem to become less important once a company goes from the bulletin boards to the pinks

Imo
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the count1

04/16/12 5:21 PM

#4858 RE: DJ Ponder #4850

So of it doesn't effect shares being issued ....then management gave themselves control of the vote from the get go.... Preferred stock is always a bit confusing... This case is no exception.
Now that there are 1.6 billion shares authorized do they still have control ... And the other 30 million shares of preferred could come into play....

Just thinking out loud