Posted On: 12/26/2013 2:20:30 PM
Post# of 1039

mdhi here is something in the sec filing from dec 23,2013. this will make you happy when you read this. it is not as bad as we thought it would be. I like this . we will prevail here the pps will go up and well should have a run on this info soon. yes the authorized shares will be 16bil.
The amendment of the Certificate of Incorporation to increase the authorized number of shares of Common Stock from 1,400,000,000 (One Billion Four Hundred Million) shares of Common Stock to 16,000,000,000 (Sixteen Billion) shares of Common Stock (the “ Authorized Share Increase ”).
There are currently 1,360,569,304 Common Stock outstanding. Implementation of the Capital Restructure will require the issuance of an additional 3,000,223,690 Common Stock. As a result, there will be 4,360,792,994 Common Stock outstanding. Of these, 966,059,000 will be unrestricted and free trading in the public market (the “Float”). The remaining 3,460,413,103 outstanding Common Stock will be unregistered shares and subject to selling restrictions.
The amendment of the Certificate of Incorporation to increase the authorized number of shares of Common Stock from 1,400,000,000 (One Billion Four Hundred Million) shares of Common Stock to 16,000,000,000 (Sixteen Billion) shares of Common Stock (the “ Authorized Share Increase ”).
There are currently 1,360,569,304 Common Stock outstanding. Implementation of the Capital Restructure will require the issuance of an additional 3,000,223,690 Common Stock. As a result, there will be 4,360,792,994 Common Stock outstanding. Of these, 966,059,000 will be unrestricted and free trading in the public market (the “Float”). The remaining 3,460,413,103 outstanding Common Stock will be unregistered shares and subject to selling restrictions.
The Capital Restructure will not affect the outstand Series A or Series B Preferred Stock. There are currently 550,000 shares of our Series A Preferred Stock and 13,325,000 shares of our Series B Preferred Stock outstanding
reference source
http://www.sec.gov/Archives/edgar/data/144308...def14c.htm

