It probably doesn't qualify as a "supplier" because they refer to the issuance as payment for services rendered by a qualified investor. This is from the September 30, 2009 10K (page 18). You can find it on the investor relations part of the Iceweb web site.
- On September 2, 2009, we issued 1,500,000 shares of our common stock valued at $120,000 IN SATISFACTION OF DEBT in the amount of $120,000, which related to SERVICES RENDERED TO US. The recipient was an accredited investor and the issuance was exempt from registration under the Securities Act of 1933 in reliance on an exemption provided by Section 4(2) of that act.
