Chase Packaging Corp. (WHLT)

[Werbe]

Clean shell. Good share structure.

Only 3k in liabilities... No notes, $hitload of warrants tho.

Share Structure as of 05/01/2018

Authorized Shares 200,000,000

Outstanding Shares 15,536,275

Maybe after stock plan goes Kaputz, they will open up shop?

The Company's 2008 Stock Awards Plan was approved April 9, 2008 by the Board of Directors and ratified at the Company's annual meeting of stockholders held on June 3, 2008. The 2008 Plan became effective June 24, 2008 and will terminate on June 24, 2018. Subject to certain adjustments, the number of shares of Common Stock that may be issued pursuant to awards under the 2008 Plan is 2,000,000 shares. A maximum of 80,000 shares may be granted in any one year in any form to any one participant, of which a maximum of (i) 50,000 shares may be granted to a participant in the form of stock options and (ii) 30,000 shares may be granted to a participant in the form of Common Stock or restricted stock. The 2008 Plan will be administered by a committee of the Board of Directors. Employees, including any employee who is also a director or an officer, consultants, and outside directors of the Company are eligible to participate in the 2008 Plan.