Exactly my point. With your careful wording - hiding behind "Primary Basis" - looks to me like you failed to adequately represent the true picture with respect to the substantial dilutive power that George Macropolus wields. (And that is in addition to the potential sleight-of-hand swirl of interlocking related party arrangements surrounding the alleged acquisition of the Hotel Brazil.)
Help us out here. In the absence of audited financials filed with the SEC, where do you come up with the idea that these shares are restricted? Or is this one of those take-it-on-faith-with-no-available-proof representations that touts love to make that you and George and God know they are restricted, but those of us asking for independent proof can trust the three of you. Well God I trust but the other two cozying up there I'm not so sure of. Just point me to the SEC filing of their audited statements if you would be so kind.
Capitalization (June 30 '98):
after sale of 500,000 Com. shs. Aug. 15 '98
LONG TERM DEBT: $4,020,000.
STOCK Auth. Shs. Outstg. Shs.
Preferred $0.001 par........................10,000,000 *1,000,000
Common $0.001 par...........................50,000,000 5,500,000
*Closely held. Each sh. is convertible into 10 Com. shs.
STOCK DATA
COMMON VOTING POWER: One vote per share.
VOTING POWER OF OTHER SECURITIES: Pfd., 10 votes per share.
COMMON OFFERED: Aug. 15, 1998, Co. offered up to 500,000 Com. shs.
at $0.01 per sh. on a "minimum, maximum" basis-- all taken.
STOCKHOLDERS: Apr. 30, 1998 (of record): Pfd. 1; Com. 31. June 10,
1998, Apollon Ltd. owned or controlled 33.4% (2,505,000 shs.) of the
Com.
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