Has anyone figured out which of these statements is a misrepresentation//false statement?
From the SEC filing, 10 ksb
"Stockholders' (deficit):
Preferred stock, $.001 par value
10,000,000 shares authorized
None issued and outstanding (Note 9)
Common stock, $.0001 par value,
114,000,000 shares authorized"
...................
From Fridays PR..
"To date, TSIG.com has approximately 80,000,000 shares outstanding of the 100,000,000 authorized shares"
Looks like a bit of "Tom-foolery",,I hope the company's "SEC council"
(A ridiculous description) isn't getting paid to many shares for their work..I would expect the company to issue a corrective PR explaining this mistake..and giving us a "real" number..DD
PS: happy Mothers Day, to any Moms out there ;^)
PSS: many may think this is a minor mistake in the reported authorized number..But is someone is making buying and selling decisions on this info reported by the company...it could open a legal can of worms,IMO..
PSS: it was also stated in Fridays PR, a shareholder vote was required to increase the authorized number,,yet, if the SEC filing is correct(and I place more faith in a SEC annual financial statement than a press release)..it has already been increased 14mm shares without a vote..which is it? |
