OK. Let's start with your 43,000 shares for CEA. I think this is going to be educational for everybody here.
I believe that your number should be 11,333 presently [3,400,000: pre 10-1 reverse split, 30-1 reverse split]
From the last 10-K:
(a) C.E.A. LINES, INC.
On November 7, 1994, the Company entered into an agreement, which was amended on January 1, 1995, with Central European Subholding Inc. to purchase 50.1% of the common stock in C.E.A. Lines, Inc. ("CEA"). In connection with this transaction 3,000,000 shares of common stock (prior to the 1 for 10 reverse split - see Note 6) were issued. CEA became a majority owned subsidiary of the Company. CEA's principal asset was an ocean shipping vessel and its main activity was providing freight services. CEA was organized under the laws of the
Turks & Caicos Islands, British West Indies.
On September 20, 1995, the Company entered into another agreement with Central European Subholding, Inc. for the purchase of theremaining 49.9% of the stock of CEA. Under the terms of this agreement the Company received 100% of the stock of CEA Traders, a wholly owned subsidiary of CEA. In connection with this transaction
400,000 shares of common stock were issued. |
