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SARO
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Posted on: 2009/7/26 22:49
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Re: SARO
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Yes, it appears to be a reverse merger. But it is very messy. They spun off some assets prior to the new agreement, but the company they spun them off to is disputing that the deal closed. Also, there is mention of control of about 6 Billion shares. I spend about 30-45 minutes reading all the filings and it is still not very clear. Usually, if I can't understand a deal in that amount of time, I stay clear. Of course, this is just me. If you can figure it all out, let us know!

"The aggregate total number of voting shares of the Issued and Outstanding is equal to five billion nine hundred forty-eight million four hundred thirty-eight thousand nine hundred five (5,948,438,905) shares of Company Stock."

SEC Filings:
http://www.sec.gov/cgi-bin/browse-idea?action=getcompany&CIK=0001070510&owner=exclude&count=40

Posted on: 2009/8/1 13:02
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