Owner
Post by Franko10 ™ on Mar 9, 2005 16:12:35 GMT -5
xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=3321340
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
The Reporting Person used $6,463.95 of his personal funds as
consideration for the purchase of the 180,000 common shares of the Issuer.
ITEM 4. PURPOSE OF TRANSACTION.
The Reporting Person acquired his interest in the Issuer primarily to
point out the complete failure of government and exchange regulatory bodies
to maintain honest, orderly markets, and the corrupt actions of market makers
and securities clearing bodies, which facilitate the sale of unissued,
unregistered, counterfeit, or simply nonexistent securities.
On February 3, 2005 a single investor reportedly purchased all the
common shares issued by the company, plus 145 additional unissued shares.
Subsequent to that date, over 95 million shares, or over 82 times the
total shares issued, were reportedly traded, none of which were reportedly
sold by the 100% owner of the common stock.
On March 4 and 7, I purchased a total of 180,000 shares, resulting in
my obtaining 15.54% ownership of a stock reportedly already 100% owned by
another investor. I assume that there may be additional investors who may
also claim ownership of common shares of this company.
I have requested that certificates be issued to me representing my full
15.54% ownership interest, to protect my right to vote and enforce any other
claims that may accrue to an actual documented owner.
I understand that Reg. SHO was supposed to detect and prevent the
fabrication of millions of nonexistent shares. It would appear that my
securities purchases prove that Reg. SHO has been systematically violated
by market-making brokers and securities-clearing firms.
From time to time I may continue to purchase additional securities on
the open market to increase my ownership interest to up to 100% of the
company's common stock to give me an ownership interest equal to that of the
current 100% owner.
Other than the completed stock purchase transactions described in Items
3 and 4, except as discussed below, the Reporting Person has no present
plans or proposals that relate to or that would result in any of the
following actions:
1. The acquisition by any person of additional securities of the
Issuer, or the disposition of securities of the Issuer;
2. An extraordinary corporate transaction, such as a merger,
reorganization or liquidation, involving the Issuer or any of its
subsidiaries;
3. A sale or transfer of a material amount of assets of the Issuer
or any of its subsidiaries;
4. Any change in the present board of directors or management of the
Issuer, including any plans or proposals to change the number or
term of directors or to fill any existing vacancies on the board;
5. Any material change in the present capitalization or dividend
policy of the Issuer;
6. Any other material change in the Issuer's business or corporate
structure;
7. Changes in the Issuer's charter, bylaws or instruments
corresponding thereto or other actions which may impede the
acquisition of control of the Issuer by any person;
8. Causing a class of securities of the Issuer to be delisted from a
national securities exchange or to cease to be authorized to be
quoted in an inter-dealer quotation system of a registered
national securities association;
9. A class of equity securities of the Issuer becoming eligible for
termination of registration pursuant to Section 12(g)(4) of the Act;
or
10. Any action similar to any of those enumerated above.
Posted by: georgeburns on 32
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
The Reporting Person used $6,463.95 of his personal funds as
consideration for the purchase of the 180,000 common shares of the Issuer.
ITEM 4. PURPOSE OF TRANSACTION.
The Reporting Person acquired his interest in the Issuer primarily to
point out the complete failure of government and exchange regulatory bodies
to maintain honest, orderly markets, and the corrupt actions of market makers
and securities clearing bodies, which facilitate the sale of unissued,
unregistered, counterfeit, or simply nonexistent securities.
On February 3, 2005 a single investor reportedly purchased all the
common shares issued by the company, plus 145 additional unissued shares.
Subsequent to that date, over 95 million shares, or over 82 times the
total shares issued, were reportedly traded, none of which were reportedly
sold by the 100% owner of the common stock.
On March 4 and 7, I purchased a total of 180,000 shares, resulting in
my obtaining 15.54% ownership of a stock reportedly already 100% owned by
another investor. I assume that there may be additional investors who may
also claim ownership of common shares of this company.
I have requested that certificates be issued to me representing my full
15.54% ownership interest, to protect my right to vote and enforce any other
claims that may accrue to an actual documented owner.
I understand that Reg. SHO was supposed to detect and prevent the
fabrication of millions of nonexistent shares. It would appear that my
securities purchases prove that Reg. SHO has been systematically violated
by market-making brokers and securities-clearing firms.
From time to time I may continue to purchase additional securities on
the open market to increase my ownership interest to up to 100% of the
company's common stock to give me an ownership interest equal to that of the
current 100% owner.
Other than the completed stock purchase transactions described in Items
3 and 4, except as discussed below, the Reporting Person has no present
plans or proposals that relate to or that would result in any of the
following actions:
1. The acquisition by any person of additional securities of the
Issuer, or the disposition of securities of the Issuer;
2. An extraordinary corporate transaction, such as a merger,
reorganization or liquidation, involving the Issuer or any of its
subsidiaries;
3. A sale or transfer of a material amount of assets of the Issuer
or any of its subsidiaries;
4. Any change in the present board of directors or management of the
Issuer, including any plans or proposals to change the number or
term of directors or to fill any existing vacancies on the board;
5. Any material change in the present capitalization or dividend
policy of the Issuer;
6. Any other material change in the Issuer's business or corporate
structure;
7. Changes in the Issuer's charter, bylaws or instruments
corresponding thereto or other actions which may impede the
acquisition of control of the Issuer by any person;
8. Causing a class of securities of the Issuer to be delisted from a
national securities exchange or to cease to be authorized to be
quoted in an inter-dealer quotation system of a registered
national securities association;
9. A class of equity securities of the Issuer becoming eligible for
termination of registration pursuant to Section 12(g)(4) of the Act;
or
10. Any action similar to any of those enumerated above.
Posted by: georgeburns on 32
