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Microcap & Penny Stocks : ABFG - AMERICAN BENEFITS GROUP, INC.
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To: Jeffrey S. Mitchell who wrote (4077)7/7/1999 3:07:00 PM
From: Daniel Chisholm  Read Replies (3) of 4128
 
Their web site says that there are 10M preferred shares authorized, but it is mute on how many are outstanding. It does state the number of common shares authorized (200M), and then it states the number issued and outstanding -- so I would *infer* that they are saying (by omission) that they have no preferred shares outstanding.

The companies I have shorted in the past who issued new shares would file form S-3 with the SEC, to register new shares (typically created for the purpose of redeeming convertible preferred shares). ABFG however is a nonfiling company, so I suppose they don't need to register shares with the SEC?

Anyone else here willing to admit to being short? Or are most treating ABFG as more of a spectator sport?

- Daniel
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