The reverse stock splits are of the non-operating shell companies, not the SHAL spinout companies....flodyie is again twisting the truth......Mr. Krauses comments:
Before a reverse merger transpires, most public shell companies usually have 1,000,000 to 20,000,000 shares outstanding, most likely trading around $0.01 per share. Current Sara Hallitex reverse merger policy guidelines call for shareholders in a public shell company to retain between 100,000 and 200,000 shares of stock, or around 1-to-2% equity interest in the resultant company after completion of a reverse merger and subsequent financing. On average, the new stock is distributed to some 150 original public shell shareholders. The balance of the company's stock is then distributed to Sara Hallitex Corporation for its dividend distribution program. Additionally, there are a certain number of shares issued for the continued financing of the newly formed company.
As a result, by effecting a large reverse stock split Sara Hallitex management is able to distribute more stock to its shareholders in the form of dividends instead of leaving this ownership position in the hands of the shareholders of a previously failed public company. Quite frankly, the compensation that former public shell shareholders receive in the form of new company stock is more than generous when compared to the stock they once held at $0.01 per share with little or no market value.
Flodyie, I commend you on your poetry skills...beautiful. You obviously are good at digging up the past(which no doubt takes considerable time and effort)....but what do any of your "uncoverings" have to do with the successful business model Mr. Krause has developed? Sara Hallitex Corp. remains a legally operated entity that facilitates the growth of information technology companies as well as others businesses through reverse shell offerings. No, "technically" these aren't IPO's, but they serve the same purpose. You continue to list the same facts over and over again....thank you, but I have already read them....looks like you've run out of material.
P.S. You continually mention that SHAL has no SEC filings....true, it is a OTCBB stock.....but isn't SHAL in the process of filing with the SEC for NASDAQ NMS Status? Answer=YES....how will your short position look when SHAL moves to the NASDAQ?
Stock up today on increased volume
keep it coming....I can't wait for your next bullsh** attempt!!!
Note to investors....SHAL looks good
Buyers Beware of Silicon Stock Bashers Inc. CEO: Flodyie and anthony@pacific |
