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Microcap & Penny Stocks : ABFG - AMERICAN BENEFITS GROUP, INC.

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To: Jeffrey S. Mitchell who wrote (2188)5/19/1999 1:38:00 PM
From: Jeffrey S. Mitchell  Read Replies (2) of 4128
 
Re: Share count update

Here is the old question, from late April:

8. According to public records kept by your transfer agent, Florida Atlantic Stock Transfer (954-726-4954), the total number of shares outstanding for ABFG is 32,549,000. You web site says there are 29,900,000 shares out: abfg.com, which is my understanding was accurate until very recently.

--> Where did the 2,649,000 additional shares come from?

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Revised version as of today:

8. According to public records kept by your transfer agent, Florida Atlantic Stock Transfer (954-726-4954), the total number of shares outstanding for ABFG is 33,213,000. You web site says there are 32,500,000 shares out (updated from 29,900,000): abfg.com.

--> Where did the 3,313,000 additional shares come from in just the past few months?

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Note: We're not just talking about a 10% increase in the float, we're talking about a 10% increase in the outstanding!

- Jeff
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