To approve a proposal to amend our Certificate of Incorporation, as amended, to effect a one-for-300 reverse split of our common stock (Proposal 2).
helping the nss'r's out? didn't someone say this traded in germany too?
all these people wil receive common shares restricted after the reverse split?
Annual fee for outside Board membership and meeting attendance
restricted common stock valued at $25,000
Annual fee for audit committee chair
restricted common stock valued at $8,000
Annual fee for compensation, nominating and other chairs
restricted common stock valued at $6,500
Annual fee for committee membership
restricted common stock valued at $5,000
Options awarded in January valued at closing price on grant date
options for shares valued at $50,000
All restricted common stock is allocated at beginning of year based on January’s 30 day volume weighted average closing price and delivered to board members monthly as earned by attendance, either by phone or in person. New directors receive restricted common stock valued at $130,000, which vests ratably equally over 24 months.
Each current outside director, Messrs. Nielsen, McNear, Conklin, Wynns, House and Kroon, was entitled to receive for his service in 2007, stock in the following amounts:
Director
Restricted Common Stock
to be Issued in 2008
Share Price
Martin Nielson
308,192
$.13
Gary McNear
219,508
$.13
Craig Conklin
235,338
$.13
Richard Wynns
185,562
$.13
Charles House
690,908
$.13
JohnKroon
518,915
$.13
The above shares will be issued in 2008.
after the r s?
so they are stating that the fair price before the r s is .0004333 ? 300 times .0004333 is .13 u.s.d.
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