Arizona997, what is the O/S on ENCU?..and what does this mean:
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
(a) 250,000 Shares of Common Stock were obtained January 31, 2002, which due to a reverse split currently represents 40,000 shares. Total common stock shares held are now 24,540,000 and represent 24.54% of the outstanding shares as based on 100,000,000 shares outstanding. Although Issuer’s 10Q for the period ending September 30, 2003 indicates 48,258,000 shares outstanding, reporting person has reason to believe such information is not current and the correct amount of shares outstanding is 100,000,000.
(b) As a result of the agreement between Reporting Person and Issuer, Reporting Person may be deemed to possess the sole power or shared power to vote (or direct the vote of) 24,500,000 shares of the Issuer’s Common Stock. |
