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Post# of 62890
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weo1998

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weo1998

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Sunday, 05/13/2007 10:34:21 AM

Sunday, May 13, 2007 10:34:21 AM

Post# of 62890
Taken from the SB-2 Dec 1st, 2006, Right now there are 85M O/S. The company still has 20M to dump under the current agreement but they weren't supposed to be available until the price hit .40 cents. Someone needs to ask these questions of the company as they will not respond to anything I ask.

This Offering

Shares offered by Selling Stockholders Up to 26,800,000 shares, based on current market prices, including (i) up to 17,500,000 shares issuable upon conversion of our principal amount $2,825,000 10% secured convertible debentures, which are convertible into shares of our common stock at a fixed price equal to $.40 per share, (ii) 1,000,000 shares issuable upon exercise of warrants at a price equal to $.50 per share, (ii) 1,500,000 shares issuable upon exercise of warrants at a price equal to $1.00 per share, (iii) 2,300,000 shares issuable upon exercise of warrants at a price equal to $0.25 per share, (iv) 2,000,000 shares issuable upon exercise of warrants at a price equal to $0.65 per share, and (v) 2,500,000 shares issuable upon exercise of warrants at a price equal to $0.75 per share.

This number represents approximately 33.72% of our current outstanding stock.



5
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Common Stock to be outstanding after the offering 106,267,593 *
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Volume:
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Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
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