NAMX -- North American Expl.-- Que Sera Sera! Message Board

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Microcap & Penny Stocks : NAMX -- North American Expl.-- Que Sera Sera!

NAMX 0.0001000

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Mar 7 3:00 PM EST

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To: ray s who wrote (4566)	11/14/1998 8:37:00 AM
From: M. M. Jones	Read Replies (1) of 4736

Ray, We don't know. There were rumored to have been 200 million shares authorized with 140 million shares outstanding before the 100 to 1 reverse split. There was to have been an effort to call in as many as 60 million shares improperly issued, which would leave (after the reverse split) 2 million authorized, and 800,000 outstanding. However, around 600,000 shares were to be delegated to the new board of directors. If all this happened, there would be 2 million authorized, 1.4 million outstanding, and 800,000 in the current float. The above roughly reflects the best information we have, but I haven't looked back at old press releases or posts. The bottom line is none of us knows, or admits to knowing, the answer to your question. M.M.

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