Ok, just copied this out of the 10QSB. Which is the last
form filed by MPTV on 8-19-97. Here is something that makes
me think that the 60 mil is not right.
Subsequent to March 31, 1997, the Company has issued a significant
number of shares of its Common Stock for cash and services rendered. Management
has become aware that these subsequent issuances of its Common Stock may have
caused the total number of issued and outstanding shares to exceed the
200,000,000 shares currently authorized in its Articles of Incorporation. The
Company's Board of Directors has approved an increase in the number of
authorized shares to 500,000,000, and is requesting approval from its
stockholders for such increase.
Since that form was put out, none have been release, so, are they
none reporting now? does anyone know?
This next statment came out of thier form 10-KSB filed 7-17-97
This is the one I dont like!!!!!!!
As of July 10, 1997, 223,920,708 shares of Common Stock, $.05 par
value per share, were outstanding. The aggregate market value, held by
non-affiliates, of shares of the Common Stock, based upon the average of the bid
and asked prices for such stock on that date, was approximately $3,069,235.
outstanding - I know that doesnt say float, but what is bad about
the statement is "held by non-affiliates, of shares of the Common Stock"
Sorry to be so long winded just doing some DD! Take it with a
grain of salt! I did. Do your own DD and never take anyones
word for ANYTHING!!! Just My Honest Opinion!!!!!!!
Bill |
