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Microcap & Penny Stocks : Greenland Corp. (GLCP) -- Ignore unavailable to you. Want to Upgrade?

To: abigney who wrote (1847)	6/3/1998 2:33:00 PM
From: JustMy2Cents	Read Replies (2) \| Respond to of 2278

GREENLAND CORP has filed a Form 8-K with the United States Securities and Exchange Commission. Click on the following hyperlink to view this filing: freeedgar.com

To: abigney who wrote (1847)	6/3/1998 2:47:00 PM
From: JustMy2Cents	Respond to of 2278

The authorized capital stock of Greenland consists of (i) 100,000,000 shares of Greenland Common Stock, and (ii) 20,000 shares of Preferred Stock, no par value, of Greenland Preferred Stock). As of May 15, 1998, there were 42,186,787 shares of Greenland Common Stock issued and outstanding and -0- shares of Greenland Preferred Stock are issued and outstanding. At the Exchange Date, exclusive of all shares of Greenland Common Stock issued pursuant to this Agreement, the total issued and outstanding shares of Greenland Common Stock shall not exceed 45,000,000. The Registrant entered into an Agreement and Plan of Share Exchange("Exchange Agreement"), dated May 21, 1998, whereby 5,000,000 of the Registrant's shares were exchanged for 25,000 shares of common stock,representing all of the outstanding shares, of Check Central, Inc., a Nevada corporation. The value of such assets will be included in the Registrant's Form 10-QSB for the period ended June 30, 1998. The fair market value of the Registrant's shares at the execution of the Exchange Agreement was $0.15; the total value of these shares was $5,250,000. Total shares outstanding: 42,186,787 + 35,000,000 = 72,186,787