Just got a press release for S8. Issuing stock options of 28,500,000 shares
Owned on Percent
Selling Number of Number of Shares Completion of of
Shareholder Shares Owned Being Offered (1) Offering Class
----------- ------------ ----------------- -------------- --------
Dr. Ricardo Moro 1,100,000 15,000,000 1,100,000 .56
Denis Burger 1,557,286 10,000,000 1,557,286 .80
Phil Gold 175,000 1,000,000 175,000 .09
Antonia Bold de Haughton -- 1,000,000 -- --
Jim Walsh 714,286 1,000,000 714,286 .37
Gladys Chan -- 500,000 -- --
-----------
28,500,000
===========
(1) Represents shares issuable upon the exercise of stock options. Each option
is exercisable at a price of $0.0714 and expires on January 22, 2020.
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Is this a good thing considering options are excersizable @.0714 and they plan on being in business till 2020? Dilution, yes. I'm numb at this point. I already know Gold's take on this.