Replies to post #22945 on Propellus Inc (PRPS)

[arizuela]

Insiders With Preferred Shares Before the R/S?? The preferred shares are not even listed on the Nevsos site. SEC filing was just now in August. They might be trying to attract large investors, possibly with dividends and achieving credit ratings. Preferred, do not usually give voting rights. Detais could be in another 8-K. Imagine SSOL filing even another 8-K. Lolol.

Arizuela

Did SSOL Insiders buy the Pref shares before the Reverse Split occurred in order to maintain control??
We will find out with the next 10Q I suppose.

[EastCoastCdn]

Does SSOL even know what they are doing?

Does this make sense???
They filed for a reverse split before they even voted on it.

On July 20, 2012 the Company effected an 1 to 500 reverse stock split, thus all the stock shares were stated as post-split in this footnotes.

After the reporting period, on July 24, 2012, our board of directors and a majority of our shareholders approved an amendment to our Articles of Incorporation which increased our authorized common stock to 7.5 billion shares. In addition, our board of directors and a majority of our shareholders approved a reverse split of our issued an outstanding common stock on a basis of 1 for 500. The reverse split was effective August 10, 2012. In connection with the reverse split, our common stock was assigned the following new CUSIP number: 86802Y203 .