IVOC
Hi Rich,
Thank you for your email.
As there have been so many inquiries of a similar nature, I am forwarding to
you my reply to other stockholders:
Here is the structure:
1. 75 million shares authorized.
2. Approximately 50 million shares outstanding with approximately
35 million in the float.
3. Jerry Mahoney was issued 10 million shares (included above).
4. A reverse stock split is on the table, and if this is decided
upon, Jerry Mahoney
would wind up with 7.4 million shares total, and authorized
shares will be
reduced at the same time.
5. We are currently negotiating with Investment Bankers, and are
working on
becoming a reporting company. We would like to apply for NASDAQ
listing
before the end of the year.
6. IVOC is currently in an expansion mode and is hiring necessary
personnel to
that end.
7. It is our belief that by expanding our revenue base, while
continuing our
R & D, that this will cause the stock price to reflect this
outcome.
I hope that this information is helpful to you.
Regards,
Joel Beagelman
Jerry Mahoney has 10,000,000 pre r/s and 7,400,000
post r/s would be about 7.4 shares for every 10.
Am I missing something?
Rich |
