New York, New York Nov 15, 2012 (comtex) www.thestockwatchalert.com has been keeping a "EYE" on the markets since 1999. Make sure you sign up now to get information on what's hot and what's not in the small cap market. If we aren't covering it, it's not worth writing about.***We are highlighting the filings of the following companies***
The shareholders of all of the capital stock of IPL issued and outstanding immediately prior to the closing of the Acquisition, exchanged their shares into 60,000,000 shares of our common stock. As a result, the shareholders of IPL received 60,000,000 newly issued shares of our common stock.
>>Our board of directors was reconstituted to consist of Brian Hammond and Harry Sutherland who, prior to the Acquisition, were directors of IPL.
>>Immediately following the exchange of the above shares, Brian Hammond, our President, CEO and Director, agreed to cancel 175,000,000 shares of his common stock in exchange for a one year unsecured 10% promissory note for $20,000.00 (the "Cancellation") to reduce shares issued and outstanding.
>>As a result, immediately following the Acquisition and the Cancellation, there were 392,850,000 shares of our common stock issued and outstanding.
Read our full report on SVEN here.
(OTCQB:VCST) ViewCast.com, Inc., trading up today on recent news! And the recent filing is worth reading
(OTCQB:NILA) Nilam Resources Inc. a recent company filing showed
During fiscal 2012, the Company sold its Linderos 4, Linderos 5, Rocas and Rocas I mineral property interests to Portage Resources Inc. in return for 28,500,000 common shares of Portage Resources Inc. valued at $1,459,500. (OTCQB:POTG)Get the latest hot information now, Subscribe by email for free today! www.TheStockWatchalert.com
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