We can thank old management for this. SHARES SHARES AND MORE SHARES!!!
Subject: Growth of shares
Date: Sun, Aug 9, 1998 18:31 EDT
From: Szanvil
I checked the companies 10K which agrees that the number of issued shares
had a fantastic growth.
In Dec 1993 the shell company had 1,144,252 outstanding shares
Then in 1994 the new group controlled by Allen Burditt took over control.
In 1994 they immediately issued 12,668,318 shares and
in 1995 they issued 515,000 shares
and as of Dec 31,.1995 there were 14,327,570 shares outstanding
and when you get to Sept 30,1997 the total has increased to 33,425,041 shares
but the best is yet to come as we now have the equivalent of 200,000,000 shares
(approx) divided by the 20 to 1 reverse split to balance (approx) the 10 million new
shares existing today. Fantastic 1 million shares to 200,000,000 shares under the
direction of Burditt and Timmins and Clark, in four years. |
