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TOPIC: 5/13/2004 Shell for Sale

5/13/2004 Shell for Sale 16 years 1 month ago #768

  • luvlite46
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[5/13/2004 Shell for Sale]
File A 2803

State of Incorporation Florida 1997

Authorized Shares Common 50,000,000

Authorized Preferred 5,000,000

Shareholders 145 +

Outstanding Shares 15,972,405

Float 6,769,088

Assets None

Liabilities None

Price $385,000.00

Note: The Company was in the communication services business and has a tax loss of $9 million dollars. The Principals have notes for approximately $4.9 million that are over two years old that can be converted to common stock.

A 50 to 1 reverse split can be done to bring the float down to 135,000 shares in the float, by doing the reverse split and converting the notes the new owner can own 97% of the Company.
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