I have been watching it also, infact bought some this morning. But I am new to trading and was wondering the same thing. Sorry, I couldn't help. Rickp
Posts: 28 | From: Troutman, NC, USA | Registered: Jun 2004
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CONECTISYS CORPORATION 24730 Avenue Tibbitts, Suite 130 Valencia, California 91355
NOTICE OF 2004 ANNUAL MEETING OF SHAREHOLDERS TO BE HELD JULY 29, 2004
NOTICE IS HEREBY GIVEN that the 2004 annual meeting of shareholders of ConectiSys Corporation, a Colorado corporation, will be held at 10:00 a.m., local time, on July 29, 2004 at the Valencia Hyatt, the Newhall Room, 24500 Town Center Drive, Valencia, California 91355, for the following purposes:
1. To elect three directors to the board of directors;
2. To consider and vote upon a proposal to approve an amendment to our Articles of Incorporation to increase our authorized shares of common stock from 1,000,000,000 shares to 7,500,000,000 shares;
3. To ratify the selection of Hurley & Company as our independent certified public accountants to audit the financial statements of ConectiSys for the year ending September 30, 2004; and
4. To transact such other business as may properly come before the 2004 annual meeting or any adjournment or adjournments thereof.
Yes. Doesn't mean it isn't worth a quick play at these levels, .0012 would have been a good entry, but I would not look to be holding too long, definately not after the authorize the new shares. Usually when they authorize a large increase in shares shortly afterwards they issue them increasing the supply, and dilluting the stock, sending the PPS down.
quote:Originally posted by EpiC: Wouldn’t this dilute the PPS causing the prince to drop significantly?