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Microcap & Penny Stocks : GLOW - Global Games, Inc. - Great Profit Potential ! -- Ignore unavailable to you. Want to Upgrade?


To: M Murphey who wrote (5964)8/5/1998 8:20:00 PM
From: MMpro  Read Replies (1) | Respond to of 8879
 
It seems that GLOW has issued about 5MM new shares in the last few weeks. In the June 29th PR, GLOW stated...

"A return of 20 million shares to Global Games would reduce Global Games' total outstanding shares to approximately 37 million"


20MM plus 37MM = 57 million... as of June 29, 1998. Now a little over 1 month later, the O/S shares stands at 62 million. It would seem that GLOW has NOT reduced but increased the O/S by about 5 million shares (9%)!

When and to whom, were those 5 million new shares issued?
I've e-mailed GaryB about this and will post a response as soon as I get one.

Peace

Riccardo
P.S. Just doing DD!



To: M Murphey who wrote (5964)8/5/1998 10:40:00 PM
From: Thomas George Warner  Respond to of 8879
 
What do you mean they have not changed?

TOTAL SHARES AUTHORIZED: 100 million

TOTAL SHARES OUTSTANDING: was :57,459,313 Now: 62,181,063 diff= 4.72M shares

RESTRICTED SHARES: was: Apx 11 million now: 18M, diff = 7M shares

SHARES IN THE FLOAT: was: Apx 33 million Now: 44,181,063, diff = 11.2M shares

Looks like management sold more shares of stock, and changed restricted shares.

Am I missing something?