Mr. Yandamuri & all AETI followers: NEW SHARE NUMBERS
I finally got ahold of the Transfer Agency in charge of bookkeeping for the shares of Advanced Encryption Technology of America, Inc.
These are the certified share numbers as of 7:00 P.M. eastern time 9/2/98:
1) TOTAL SHARES AUTHORIZED 25,000,000
2) TOTALSHARES OUTSTANDING 11,023,506
3) TOTAL RESTRICTED SHARES 6,834,860
4) TOTAL SHARES IN FLOAT 4,188,646
(outstanding minus restricted)
It has been commonly held that the numbers on AETI were 9.8 million outstanding and 2.8 million in float: however, it seems apparent that AETI has made private placements equivalent to approximately 1.3 million shares sometime during the last 9 months. As I understand the rules, these type companies (OTC:BB's), may do private placements up to 1/2 million dollars per year without having to file any reports. This is all speculation on my part but sure fits. I consider this information niether good nor bad it is a common practice amongst small companies just becoming operational: however, I felt that you should know that the stock has been diluted somewhat from original figures.
As pertains to the "news" today. This is nothing we didn't already know. I will consider this GOOD news when they release news SEPTEMBER 22, that $25,000 has not been posted by SKB and lawsuit has been officially dismissed by the court. Until that point I will wait as SKB could post bond at 4:00pm SEPT.21, and continue to drag this thing on ad nausium.
Still holding all my shares tight.
Best Wishes, Swedelo |
