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Microcap & Penny Stocks : 10-Bagger MINIMUM Rise from July 1, 2005 until December 31,
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To: inchingup who wrote (1570)12/6/2006 11:10:30 PM
From: rrufff   of 1694
 
TOVC - picked at 6.17 today by Promoter inchingup.

OH OH - dilution coming?????

Here's what's on tap for the annual meeting.

approve an amendment to the company’s certificate of incorporation to increase the number of common shares the company shall have authority to issue from 40,000,000 common shares to 400,000,000 common shares;

Is Promoter Inchingup here to help the company dispose of shares that may be issued?

Of course, the company covers itself with weasel language. With its need for development funds and with its sale of preferred shares perhaps becoming more difficult, is it believable that an increase of 10X in A/S won't lead to DILUTION AND DUMPING?

The amendment of the company’s certificate of incorporation to increase the number of authorized common shares will not, in and of itself, cause or result in dilution of common shareholder interests. Further, the issuance of additional common shares in connection with one or more splits of the company’s common stock will not cause or result in dilution of common shareholder interests. However, the actual issuance of common shares to investors or other third parties to the level permitted by the amendment could, in certain circumstances, result in significant dilution to common shareholder interests. As of December 1, 2006, the date of this Proxy Statement, the Company has no present plans, proposals and/or arrangements with respect to the actual issuance of additional shares of its common stock.
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