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Post# of 93821
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JimC1997

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JimC1997

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Re: But Anyway post# 25727

Tuesday, 01/14/2003 6:06:58 PM

Tuesday, January 14, 2003 6:06:58 PM

Post# of 93821
Actually the value of the shares issued to Higham, McConnell was $277,000 not $276,000. But the share total you posted was correct - 1,100,000 shares at an average value of $0.252/share.

I agree that the amount for legal services seems quite high.

Perhaps the law firm played a significant role in the debt for equity exchange agreement.

I hope that Fred will address this matter (high legal fees) at the webcast on Thursday.

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