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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion. -- Ignore unavailable to you. Want to Upgrade?

To: Jim Bishop who wrote (87141)	6/24/2001 2:01:11 PM
From: CyberJas	Read Replies (1) \| Respond to of 150070

From the last 10KSB/A: The following table sets forth the ownership of Registrant's common stock, by the executive officers referred to in the Summary Compensation Table in Item 10 of this Annual Report on Form 10-KSB, and by Registrant's directors, and by Registrant's directors and officers as a group. The percentage figures assume 189,996,005 shares issued and outstanding. Because Registrant has insufficient common shares authorized to issue shares of common stock upon the exercise of certain options (referred to in Item 10, above), the figures presented in the following table do not include such shares. Personally I won't try to figure the whole thing out, until they are very close to this: LOSS FROM OPERATIONS The Registrant had a loss from operations of $26,735,233 for the ten months ended December 31, 2000 as compared with a loss of $14,951 for the ten months ended December 31, 1999. This loss was primarily attributable to the Registrant's implementation of its new marketing and growth strategy, and the commencement of its operations. The Registrant expects its investment in new products and new tools to market such products to result in significantly higher revenues in the future, with resulting improvement in results from operations. IMO, the 443 milion of s/o are just the common before considering the warrants, preferred stock and options, which might bring the total to 812 milion or so before the reverse split. Does that make sense? I may be wrong but can anyone confirm that the number of shares authorized stays the same after a split? That would be one way, if they bring the number of s/o below the number of shares authorized through the split, they're good to go. Best of luck, -CyberJas