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Topic: SWKJ, reduces authorized to 500mil, 150mil outstanding, 87restricted, ROCKIN

stolibox
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Member Rated:

posted

holy cow man, am i the only one making money on this stock? can't be. where are the threads, page two? jeez, money here, money here!

Posts: 515 | Registered: Mar 2005 | IP: Logged |

HitMe101
Member

Rate Member

posted

SiteWorks Building and Development Co. Announces Reduction in Authorized Common Shares
8/17/05

MIAMI, Aug 17, 2005 (BUSINESS WIRE) --
SiteWorks Building and Development Co.(OTCBB:SWKJ) has amended its share structure by reducing the authorized common from 5,000,000,000 to 500,000,000 shares, changing the par value of its Preferred A to .001 and amending the conversion Ratio of Preferred A to common to 52 to 1. The changes were made pursuant to a Board of Directors meeting on August 13, 2005.

Currently the company has approximately 130,000,000 common shares issued and outstanding of which approximately 87,000,000 are restricted securities, 5,100,000 convertible Class A preferred,(convertible at 52 to one) and 1,100,000 Class B preferred, convertible into 1.00 worth of common per share.

Moooving!

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Greedy Because I'm Broke!!

Posts: 2093 | From: Leaving Your House | Registered: Apr 2004 | IP: Logged |

stockonyou
Member

Member Rated:

posted

I'm still don't understand.

Posts: 109 | From: Florida | Registered: Feb 2005 | IP: Logged |

EverGreen
Member

Member Rated:

posted

easy
the owner of the pref.A stock control the co.
(5100000 * 52 = 265'200'000)
53% of the AS 500m

don't worry - play the chart
today is good and if it break 0.029 goes back to 0.035/38
(and after that maybe 0.075 but need good volume and some news)

quote:
Originally posted by stockonyou:
I'm still don't understand.

Posts: 1442 | From: Lugano - Switzerland | Registered: Sep 2003 | IP: Logged |

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