View Single Post
  #7  
Old 11-07-2007, 12:32 AM
rpr rpr is offline
Senior Member
 
Join Date: Apr 2007
Location: Hollywood Hills Adjacent
Posts: 230
Default Re: Pinksheets and Reverse Mergers

Maybe I was out of line asking for free advice, but anyway I read their most recent annual report.

It's so low because they have 2 billion outstanding shares. Another part says there are 200 billion shares issued and outstanding and that the two producers own 0.01% of the company?

They're paying them each up to a 1/3rd of the producer fees earned by the company per year ($1.4M for them last year).

I guess they are intending to raise the value by buying back shares, but all this sounds extremely shady and honestly I don't understand what they're doing here.
Reply With Quote