To: Just My Opinion who wrote (53094 ) 11/10/1998 6:28:00 PM From: Just My Opinion Read Replies (2) | Respond to of 55532
Please read this news story; Then look up the price of this stock. (Is this funny or what?) I keep telling you all, as long as you don't go chapter 7, there's still hope..however slimbiz.yahoo.com Tuesday November 10, 5:43 pm Eastern Time Company Press Release World Star Asia Inc. Announces Cancellation of 2,500,000 Shares of the Company RENO, Nev.--(BUSINESS WIRE)--Nov. 9, 1998--World Star Asia (OTC BB:WSAS - news) announces the following: As stated in the press release Nov. 4, 1998, the company recently reacquired 2,500,000 common shares in its own capital stock which was subsequently transferred into the name of the company as treasury stock. The company is now in the process of retiring this treasury stock by cancelling the 2,500,000 common shares transferred back to the company. This process is expected to be completed by Nov. 7, 1998. Forward Split The Board of Directors of the company have approved a forward split of the capital stock of the company effective the close of business Wednesday, Nov. 11, 1998. On the effective date, three (3) shares of common stock will be exchanged for each one (1) issued share of common stock in the company. The authorized capital of the company will be increased from 100,000,000 common shares with a par value of $0.001 per share and 10,000,000 preferred shares with a par value $0.001 to 300,000,000 common shares with a par value $0.001, and 10,000,000 preferred shares, par value $0.001. Currently the company has 2,828,105 common shares and no preferred shares issued and outstanding. After the effective date, the company will have 8,484,315 common shares and no preferred shares issued and outstanding. The company currently is a development stage company and has no business operations at this time. The company is in the process of looking for a viable business opportunity. Further information will be released as matters develop. WORLD STAR ASIA INC. (signed) Christos Koumbis THE SEC AND NASD HAVE NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.