For what it's worth, ALFN's current capitalization is:
Common stock: 20,000,000 shares auth, no par value. (Last I read shrs outstanding were about 8 mil?)
Pref. stock: 5,000,000 shares auth, no par value. (I have no knowledge of any shrs outstanding.)
That 5 mil shrs of pfd could come into play on the new financing, and there's about 12 mil common shares still auth but unissued. Based on the above, it may not be necessary to ask shareholder approval to increase shares auth. to accomodate the financing plans. This should facilitate completion.
To confirm the above information, call the Delaware Div of Corporations, (302) 739-3073, follow the prompts, and use 2930153 for Alottafun, Inc's file number.
Long on shares & patience. Robert |
