InvestorsHub Logo

regulator2006

05/08/13 10:04 PM

#3211 RE: OracleOfTheSouth #3210

Takes time, NOT automatic. I wish it was. Tomorrow is the 9th. if you don't know the 144 rules (always ask an attorney when in doubt) You need paperwork.

SHARES:

Securities Act Rule 144


http://www.mofo.com/files/Uploads/Images/FAQRule144_145.pdf

http://www.sec.gov/investor/pubs/rule144.htm

80 Million Shares

As consideration for the license, the Company has agreed to issue the Licensor eighty million (80,000,000) shares of common stock, as well as a warrant entitling the Licensor to purchase up to eight million (8,000,000) shares of a yet to be designated series of preferred stock, at an exercise price of $0.25 per share. In addition, the Licensor reserves the right to demand a royalty payment of three percent (3%) on all net profits from product and service sales relating to the license, with such payment to be made quarterly by method of cash, common stock, and/or stock options from Licensee.

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8594049

HOW Many shares are @ $0.075 ? I doubt there are $20,000 worth of stock under $0.20 Most people want to buy a block of cheap shares. Fees add up fast.