Angel Acquisition Corp (OTC:AGEL) – Printing Billions of Shares

Angel Acquisition Corp (OTC:AGEL) is a company that is authorized to print more shares than the combined shares outstanding for Google, Microsoft, McDonalds and Coca Cola?

Angel Acquisition Corp is one of the stocks for .0001 – the lowest quoted price a stock can sell for. These extremely risky ventures lure investors in by the number of shares they can buy. For the low price of $1,000, you can be the proud owner of a whole 1,000,000 (One Million) shares of this company. Should the stock go to $1 you are a millionaire, etc. But even if if moves up the lowest it possibly could to .0002, you would double your money.[BANNER]

It seems their business is intended to be a website where struggling artists and entrepreneurs can exhibit themselves and seek investment. Alexa, is an independent rating system and a division of Amazon.com. According to Alexa their rank is around 2,000,000. Which basically means that this is the number 2,000,000 website of all that they track. Which means is safe to assume that almost nobody visits their website.

Concerning the market value and whether it is cheap, Here is from there SEC filing:

As of October 30, 2009, the issuer had 2,708,600,964 shares of its common stock issued and outstanding.

Yet a closer look reveals that they are authorized to dilute this 10x over to 25 billion shares. Which is more shares outstanding than Coca Cola, McDonalds and Google, etc. all put together. But wait, it doesn’t stop there. There are also 3 other classes of stock to ditule investors further.