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Gold/Mining/Energy : Altair Nanotechnologies -- Ignore unavailable to you. Want to Upgrade?

To: Rajiv who wrote (336)	3/31/1998 8:43:00 PM
From: Rajiv	Read Replies (1) \| Respond to of 603

How big is ALTIF ? ALTIF is incorporated in Canada. The claims of the longs that the only reason it is incorporated in Canada is because it wanted to get listed on the ASE. This is IMO wrong. If an American company wants to get listed on a stock exchange, it does not have to go overseas (by way of incorporation). Surely they can get listed on the pink sheets if the Nasdaq refused listing. I do not know of the exact reason why they did the above, but would like to point out the following items from ALTIF's SEC filings. Possible Issuance of Substantial Additional Shares Without Stockholder Approval. The Company's Articles of Incorporation authorize the issuance of an unlimited number of shares of Common Stock. All such shares may be issued without any action or approval by the Company's stockholders. Possible unlimited dilution? The Company is an Ontario corporation, a majority of its directors are residents of Canada, and certain of the Company's experts (including its principal accountants and Canadian legal counsel) are located in Canada. As a result, it may be difficult for shareholders or investors to effect service of process within the United States upon such persons or to enforce court judgments against such persons in United States predicated upon civil liability provisions of the federal securities laws. Protection from American lawyers? How much floor space does ALTIF use - The Company maintains a registered office at 67 Richmond Street West, Suite 500, Toronto, Ontario M5H 1Z5. The Company does not lease any space for, or conduct any operations out of, the Toronto, Ontario registered office. In addition, the Company leases 900 square feet of office space at 1725 Sheridan Avenue, Suite 140, Cody, Wyoming 82414, which serves as the corporate headquarters for the Company and its subsidiaries. Fine Gold and MRS lease 4,500 square feet of office space at 230 South Rock Boulevard, Suite 21, Reno, Nevada 89502. MRS leases approximately 1,550 square feet of laboratory space at 7950 Security Circle, Reno, Nevada 89506, for its CJ testing operations. Head office of company valued at a market cap of 150M+ is in 900 square feet of office space ! Disclaimer : The above is my speculative opinion and is not intended to influence anybody. Everyone is advised to do their own research. Regards, Rajiv