Replies to post #22614 on Propellus Inc (PRPS)

[EastCoastCdn]

So the insiders bought shares without filing a Form 4, I don`t see any purchases.
The last 10-k shows ownership.
http://www.secform4.com/insider-trading/1005698.htm

Title of class Name and address of beneficial owner (1) Amount of
beneficial ownership Percent of class
Current Executive Officers & Directors:
Common Stock Zhijian (James) Zhang
12161 Salix Way
San Diego CA 92129 88,075,400 shares 9.10%
Common Stock Hangbo (Henry) Yu
3309 S. Gauntlet Dr.
West Covina, CA 91792 63,558,945 shares 6.57%
Common Stock Anyork Lee
1050 Yorba Linda Blvd.
Placentia, CA 92870 30,664,190 shares 3.17%
Common Stock Shirley Liao
3309 S Gauntlet Dr.
West Covina, CA 91792 8,973,602 shares 2.21%
Common Stock Mandy Chung
1059 Moreno Way
Placentia, CA 92870 6,899,360 shares 0.71%
Common Stock Fang Xu
11239 Vandemen Way
San Diego, CA 92131 127,700 shares 0.01%
Total of All Current Directors and Officers:
Common Stock 198,299,197 shares 21.77%
More than 5% Beneficial Owners
Common Stock Haibo Yu
38499 Berkeley Common
Fremont CA 94536 53,899,668 shares 5.57%

[EastCoastCdn]

I am just looking this one over now but this seemed to stick out.

State the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date: 9,800,623 common shares as of August 17, 2012.
9,800,623 *500 = 4,900,311,500 pre-split

Smell Test ???

EastCoastCdn, again you refer to dilution?? Also the letter "D" speaks for itself. In March, Insiders held about 1.1 Billion as the Float was almost 400 Million pre-split.

Arizuela