November 28, 2011 – STOCK TO BE ISSUED TO LIGATT SECURITY INTERNATIONAL INVESTORS (LGTT)
We have been getting a lot of questions about where are the shares from Hi-Tech Crime Solutions (SPFM.PK) to the shareholders of LIGATT Security International (LGTT).
Any shareholders in LGTT as of October 7, 2011 will be qualified to receive stock in the new company. In order to get the names and addresses to all the shareholders a list called “NOBEL” list has to be ordered. Since 90% of the shareholders purchased their stock in the open market and not directly from the company, a Nobel List has to be ordered. The NOBEL is ordered from the transfer agent, who gets all the names, addresses and the number of shares a person owned from the Depository Trust Company also known as DTC. It can take up to 30 days to get a complete list, since DTC has to check will the brokers services to see if they are holding any LGTT stock.
Once a list from the transfer agent (Island Stock Transfer) is given to HTCS, we have to go through and see how many shares each person has and then convert the price of the stock in LGTT as of October 7, 2011 to the price the of SPFM of the same day. As an example, if you owned $1000 in stock of LGTT at price of .0001 that would be 10,000,000 shares. If the price of SPFM on the same date was .03 then you would divide the 10,000,000 shares by .03 and which comes out to be 300,000 shares you would receive in SPFM.
When they send over the amount to HTCS’ transfer agent New York Stock Transfer, the agent will then issue and mail individual stock certificates to each shareholder. Your stock will be restricted for one year, which means it can become free trading as of October 7, 2012. The reason for the restriction is that we could not issue over a billion shares in SPFM to LGTT shareholders and have them go out the next day and sell a billion shares into the market. That would not be fair the shareholders of SPFM.
If you have not received your stock it is on it way.
November 4th, 2011 – INSIDERS HAVING FREE TRADING STOCK
We have been ask does several times does any of the employees have free trading stock and the answer is no! All stock ever issued in LGTT or SPFM has been restricted from day one. All employees stock are restricted for atleast 1 year and as of today not one employee has ever converted their stock to free trading.
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