Replies to post #7608 on In Ovations Holdings Inc. (INOH)

[ChannelTrader]

Wrong....here's the most current float as per Official OTC ;-)

http://www.otcmarkets.com/stock/MEXP/company-info

Float 282,728,351

[VeronicaFox]

In their most recent quarterly, MEXP stated:

"As of the most recent fiscal quarter ended March 31, 2011 there were:

Shares Authorized: 1,000,000,000 common. 100,000,000 preferred
Shares Outstanding: 422,127,644. 90,000,000 preferred
Public Float: 282,728,351 as of December 31, 2011

See how MEXP differentiates the dates by modification? So were those numbers good on March 31, 2011 OR December 31, 2011?

As most are aware, 2 of the 3 principals (secretary Scaglione and ceo Goldberg), voted their preferred stock at a 10:1 ratio, making those 2 principals have 300,000,000 preferred shares each, all in order to vote in the 60% increase to the authorized.




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[DJ Ponder]

OUTDATED and mis-stated mexp share structure numbers are nothing new.

As referenced here in this post form a few months back.

Misleading float information channel as the float numbers you are stating are from back in DECEMBER OF LAST YEAR.

Shares Outstanding 593,302,644 a/o Feb 21, 2012
Float 282,728,351 a/o Dec 31, 2011 5 months old
Authorized Shares 1,600,000,000 a/o Apr. 12, 2012

As most savvy microcap traders know, 5 MONTH OLD FLOAT numbers on a pinksheet listed company are so irrelevant and outdated it makes them essentially useless.

You should at least state the numbers are as of december 31 2011.