Replies to post #65797 on Indocan Resources Inc. (IDCN)

[space1230]

I apologize Dave. I totally missed it in my skim. It's either a gross error OR something has been cancelled since the recent s/s update. it says "of the 5.7, (not 5.4)." There is almost 5.6 in the float. Don't forget, Jeffrey raised the outstanding in 10/2010 from 6.4 to 7.4. Maybe something was cancelled? I don''t know (YET). On the back end, even if you deduct 1.5 from the current o/s count, you'd get 5.9 not 5.7. Your questions are valid and do need addressing. For a minute I was thinking that the meaning was "cancelling 1.5 bil to take it to 5.7 bil." That # does not work out either. :)

Here's another possibility and this is actually where the #'s work out perfectly: The t/a recognizes 118,459,374 in restricted shares. That added to the current float is almost 5.7 billion EXACT (5,708,569,582). Maybe Jeffrey's "play shares' have been cancelled and the o/s count now reflects the float. :) Wouldn't that be a hum dinger? Then another 1.5 billion buy back after??? HELLO indocan (I MEAN SIDEWINDER)!!! I agree, we need addressing either way. FYI, remember, we knew that KA had substantial work to do correcting Jeffrey's haphazard s/s disaster. I will investigate!

RE: "Pretty obvious where the misinformation is, or it could be an honest mistake, but either way using the figure of 5.4 billion as issued is incorrect."