posted
The reason why this stock went down on the news is because they knew it was coming. Buy on rumors sell on news. Hope you didn't lose the farm on this one. Not to mention the 5th of this year they had a meeting to dilute the eye balls out of this stock. My guess is when the next 10Q is released the o/s will no longer be 23m .
Dear Shareholders:
A special meeting of shareholders of GTREX, INC., a Delaware corporation (the "Company"), will be held on February 5, 2005 at 10:00 a.m. local time, at 65 Enterprise, Aliso Viejo, CA 92656 for the following purposes:
1. To consider and vote upon a proposal to amend the Company's Articles of Incorporation:
a. To amend Article I of the Articles of Incorporation to read as follows: "The name of this corporation is GTREX Capital, Inc.", and
b. To authorize 5,030,000,000 shares of capital stock of the Company, of which 5 billion shares will relate to Common Stock and 30,000,000 million shares will relate to preferred stock, subject to further designation by the Board of Directors of the Company; and
c. To authorize the Company's Board of Directors, without the consent of the stockholders of the corporation, to adopt any recapitalization affecting the outstanding shares of capital stock of the corporation by effecting a forward or reverse split of all of the outstanding shares of any class of capital stock of the corporation, with appropriate adjustments to the corporation's capital accounts, provided that the recapitalization does not affect the ratio of unissued to authorized capital stock of that class.
Only shareholders of record at the close of business on January 10, 2005 will be entitled to receive this Information Statement and notice of the special meeting and to vote on the above matters.
posted
Thats the point Matto the Great! Because they had a meeting to dilute it means anytime after posted they can do so. That could be the reason why the stock went down on news or maybe just people who got in before sold on the news. lol
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posted
alex, lol, you goofball...that's the best you can do these days?
Nomi wites: "A special meeting of shareholders of GTREX, INC., a Delaware corporation (the "Company"), will be held on February 5, 2005 at 10:00 a.m. ....[/quote]
btw, what happened to your big hedge fund or whatever that was gonna take over the world?
-------------------- Nashoba Holba Chepulechi Adventures in microcapitalism...
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The Registrant had 166,868,800 shares of its common stock, $0.0001 par value per share and 100,000 shares of its Series B Preferred Stock, $0.0001 par value per share, outstanding as of October 14, 2005. Series B Preferred Stock is convertible to common stock on a one for one share basis.
Not a bad O/S for a micropenny. There were no other filings past that diluting the stock.
The last paragraph of the quoted DEF 14C that was posted said,
"c. To authorize the Company's Board of Directors, without the consent of the stockholders of the corporation, to adopt any recapitalization affecting the outstanding shares of capital stock of the corporation by effecting a forward or reverse split of all of the outstanding shares of any class of capital stock of the corporation, with appropriate adjustments to the corporation's capital accounts, provided that the recapitalization does not affect the ratio of unissued to authorized capital stock of that class."
It says, that consent is not required, that is not the same as not reporting issueing shares. True the A/S were raised, but because they file you would be able to see any dilution via required SEC filings.
I think you can ignore the DEF 14C filed 1/18/2005 for period ending 2/5/2005. Any dilution has been factored in PPS for over a year now. O/S stands at : 166,868,800.
-------------------- A million seconds is 13 days. A billion seconds is 31 years.
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