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Meow's Musings
Posted On: 03/10/2015 11:56:52 AM
Post# of 4205
Posted By: krid60
Nobody seems to have a clue what this share amendment filed yesterday is all about. Except of course the bashers on Ihub that are all over it and say that we have been conned again by management because AS is, as they claim, increased silently to 990 mln.
Smart as they are, they come to this conclusion because in the filing is written
Quote:
New Stock Value: Par Value Shares: 990,000 Value: $ 0.001 Par Value Shares: 5,000,000 Value: $ 0.001

They simply say it's all just a typo, the 990,000 shares are in reality 990,000,000, while at the same time ignoring the other 5,000,000 shares cited. Hence they try to convince everybody that the AS has been increased by 250 mln. Not any proof of that though.

IR won't comment and says it will all be discussed Thursday:
Quote:
The A/S is being used to fuel growth targets of over 10,000,000 in profit this year


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