Rubber Technology International (fka RTEK)

[timhyma]

OK, out of curiosity, I did some looking- first the last public Sig event-
Rubber Technology International, Inc. Forms Strategic Alliance With Western Rubber Products June 18, 2001
Rubber Technology International, Inc. announced that the Company has formed a strategic alliance with Western Rubber Products, Ltd. of British Columbia, Canada. Under this alliance Rubber Technology International has leased proprietary equipment and technology, which has been installed over the past month and is now ready for operation.

http://yahoo.marketguide.com/mgi/signdevt.asp?rt=signdevt&rn=A249F

Next I notice-
S-8 was filed on 7 Dec 01 (2mil shares)
RE: PAYMENT OF LEGAL FEES
This letter sets forth our understanding whereby Rubber Technology International, Inc. ("RTEK") has agreed issue to this Firm 1,000,000 shares of RTEK common stock (the "Shares") in exchange for $30,000 in legal services rendered to RTEK

RE: Payment for Hauling Services
Rubber Technology International, Inc. (RTEK) has agreed to issue the undersigned 875,000 shares of RTEK common stock (the "Shares") in exchange for $35,000. in compensation for hauling services rendered RTEK

RE: Payment of Fees
Rubber Technology International, Inc. (RTEK) has agreed to issue the undersigned 62,500 shares of RTEK common stock (the "Shares") in exchange for $2,500. in compensation for services rendered RTEK


As far as TW's shares, this is what I found on the 13D dated 30 Mar 01

Of the 12,431,305 shares beneficially owned by Mr. Webb, 5,471,180 of the shares
were acquired in exchange for the forgiveness of certain promissory notes issued
by the Issuer to Mr. Webb and the Sibco Trust, of which he is the trustee.
5,935,125 shares were acquired as a result of Mr. Webb's 23.275% ownership in
Grant Claims, Inc., a Nevada corporation which was acquired by the Issuer in a
stock exchange agreement. The remaining 1,025,000 were acquired as compensation
for services rendered as an officer of the Issuer.
____________


Still holding myself- waiting....