Thursday, October 10, 2002 8:45:46 AM
This part is interesting as well
"Our Canadian subsidiary has entered into an agreement with 1054311 Ontario Limited, a company controlled by Anthony Heller, a shareholder and director of our Company, to provide cash advances or arrange for third-party financing of up to $435,000 to our Canadian subsidiary, based upon available accounts receivable from Bell Canada. As of December 31, 2001, all amounts outstanding under this arrangement (amounting to (398,071) have been converted into 200,000 shares of our common stock."
That comes out to two bucks a share. What is stopping them from selling that now and doubling their money. What are they going to do; wait?
After reading about the options and this little deal - I don't see the value of this stock staying above $2 for too long.
http://www.secinfo.com/dV5Ff.3bpb.htm#1stPage
The best weapon against "fear" is "facts"!!
"Our Canadian subsidiary has entered into an agreement with 1054311 Ontario Limited, a company controlled by Anthony Heller, a shareholder and director of our Company, to provide cash advances or arrange for third-party financing of up to $435,000 to our Canadian subsidiary, based upon available accounts receivable from Bell Canada. As of December 31, 2001, all amounts outstanding under this arrangement (amounting to (398,071) have been converted into 200,000 shares of our common stock."
That comes out to two bucks a share. What is stopping them from selling that now and doubling their money. What are they going to do; wait?
After reading about the options and this little deal - I don't see the value of this stock staying above $2 for too long.
http://www.secinfo.com/dV5Ff.3bpb.htm#1stPage
The best weapon against "fear" is "facts"!!
The best weapon against "fear" is "facts"!!
Join the InvestorsHub Community
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
