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appalled

06/11/13 3:37 PM

#3850 RE: Jerry70 #3836

ceo1--This info comes from my newewst go to web site for company information---OTCMarkets:

SAFC Security Details
Share Structure
Market Value1 $753,080 a/o Jun 10, 2013
Shares Outstanding 107,582,851 a/o Mar 31, 2013
Float Not Available
Authorized Shares 200,000,000 a/o Dec 31, 2011
Par Value 0.0001
Shareholders
Shareholders of Record 29 a/o Mar 25, 2013
Short Selling Data
Short Interest 140 (-99.16%)
May 15, 2013
Significant Failures to Deliver No
Transfer Agent(s)
Nevada Agency and Transfer Company

While I hate the fact that they are not required to update this information any time there is a change (including a change to the float)--I think you said the current OS is 130 mil plus---SAFC clearly had enough AS to bump the OS by 30 mil even without increasing the AS. I would think this type of news needs to be disclosed to the SEC but I am not sure of the time frame they have to submit the filing before they are no longer considered a fully reporting company.