BB's Stock Haven

[H2NRG]

ZWLL: post from RB...

http://ragingbull.lycos.com/mboard/boards.cgi?board=ZWLL&read=498

By: Reason3227
10 Sep 2004, 10:09 PM EDT
Msg. 498 of 498
Jump to msg. #
I did get a chance to speak to Dan Muncie this afternoon.
Overall, the conversation went well. Nothing he could particularly comment on. The 207 million share S-8 is intended to be use over a period of time and none of those shares have been sold are intended to be sold in the near term until the stock price has increased.

The only shares being sold right now are 54 million options, which is part of the original 86 million OS as of today. Those shares are in numerous employees hands as part of compensation at an exercise price up to .008.
The other shares that are in the market was 13.5 million which was issued to someone back in August for consulting purposes.
This is directly from the filings.

In July and early August 2004, ZannWell issued 13,500,000 shares of stock for services. ZannWell also issued 54,000,000 options for services with exercise prices ranging from $.001 - $.008 per share. Net proceeds to ZannWell were $142,000. As of August 15, 2004, total common shares outstanding were 86,750,000.



Otherwise, at this time there is supposedly no other stock in the market. That means we should almost be through those shares based upon the trading log.

All of this you can get from the latest 10Q.

That is one of the reasons we have been in an uptrend. I don't anticipate FANC to be in our way much longer. JMO.