National Storm Management Inc (NSMG)

[Landshark]

here's probably where 20 mil came from.

On May 19, 2006, the Company granted La Jolla Cove Investors, Inc. a warrant for the right to purchase up to 20,000,000 shares of the Company’s common stock. La Jolla Cove Investors made an upfront payment of $500,000 to the Company. This $500,000 upfront payment will be applied towards the cash purchase price of the stock at the time of exercise of the warrants at a rate of $0.025 per share. Upon exercising the warrant, La Jolla Cove Investors, Inc. shall pay the exercise price for the shares of common stock, such exercise price being the greater of (a) $0.001 per share or (b) 80% of the average of the five lowest volume weighted average prices of the Company’s common stock during the twenty trading days prior to the date of exercise. La Jolla Cove Investors, Inc. may effect a cashless exercise by surrendering the warrant for a number of shares, as determined by the provisions of the warrant, on May 19, 2007. The warrant shall expire on May 18, 2009. On June 26, 2006, La Jolla Cove Investors, Inc. partially exercised this warrant by purchasing 233,317 shares of common stock at $0.24 per share. The Company believes this issuance of securities is exempt from the registration requirements of the Securities Act under Section 4(2) of the Securities Act as a transaction by an issuer not involving any public offering.

http://www.sec.gov/Archives/edgar/data/1355977/000110465906075482/a06-19774_1sb2.htm