Thanks again to Excel's mention of the search feature. It really made finding this again much easier. Had I realized how easy it was, I would have done it the other night.
The 10K filed in 2002 indicates that there was $865K in convertible financing at .40 per share, which breaks down as set out below. I do not know if there is any more than this.
"In October 2001, we issued the following unregistered securities: an aggregate of $615,000 principal amount of convertible promissory notes to three investors, which notes are convertible into our common stock at a conversion price of $0.40 per share, and are due and payable upon the receipt by us of certain proceeds from our motion picture currently in production."
"In December 2001, we issued an aggregate of $250,000 principal amount of convertible promissory notes to three investors, which notes are convertible into our common stock at a conversion price of $0.40 per share, and are due and payable upon the receipt by us of certain proceeds from our motion picture currently in production."
"10.18 Convertible Promissory Note [$250K] dated October 10, 2001 by New Visual Corporation in favor of Nellie Streeter Crane, Ltd.*
10.19 Convertible Promissory Note [$125K] dated October 15, 2001 by New Visual Corporation in favor of Quail Run Trust Limited.*
10.20 Convertible Promissory Note [$240K] dated October 23, 2001 by New Visual Corporation in favor of Charles R. Cono.*
10.21 Convertible Promissory Note [$62.5K] dated December 14, 2001 by New Visual Corporation in favor of the Gerald and Judith Handler Living Trust.*
10.22 Convertible Promissory Note [$125K] dated December 14, 2001 by New Visual Corporation in favor of W.P. Lill Jr. Trust dated 12/22/99.*
10.23 Convertible Promissory Note [$62.5K] dated December 14, 2001 by New Visual Corporation in favor of the Handler Children Trust.*"
Troy
Troy
Those who shoot from the hip usually end up just shooting themselves.
Plan the grub and grub the plan.
Where is the party tonight? Who is bringng the drinks?
AI
