Great Post....does it remind you of another stock on that connect the dot list? or should I say STOCKS...
Posted by: flaflyersfan
In reply to: None
Date:2/13/2007 12:30:51 AM
Post #of 3624
All I can say is wow;
Not actually, LOL! It is surprising that even when SEIH/ SIVC files with the SEC; posters still cannot interpret them.
As of June 30th, 2006; there were 8,650,000 shares of Series B stock O/S for SEIH; 6,650,000 owned by dad- 2 million owned by son.
Magically, there were 11,750,000 shares of Series B reported O/S as of September 30, 2006 according to the 10QSB with no explanation of where they went.
The Press Release says that there were 12,000,000 shares of Series B Reversed into 80,000 to be converted into Common immediately.
Bottom line....
The people in charge of SEIH/ SIVC do not own any of their own stock other than 80,000 post split shares
Why would they care about PPS when it doesn't matter to them financially? There are Series C shares owned for control; 1,000,000 shares carrying 1 Billion shares of clout.
Reverse Split to 16 Million, convert remaining 80,000 shares to common, lower A/S to 66 million so they can only dilute to that amount.
49,920,000 shares X 150 = 7,488,000,000 (7.48 Billion) in potential equivalent dilution.
Hope this helps.
Good luck. |
