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Monday, February 20, 2012 12:18:42 PM
These are the last figures I found to date so far!
The aggregate market value of the voting Common Stock of the registrant held by non-affiliates of the registrant, based on the closing price on the Nasdaq Capital Market on March 24, 2008 of $0.20 per share, was approximately $3,013,000.
As of March 24, 2008, the registrant has a total of 20,391,851 shares of Common Stock outstanding.
As of March 7, 2008, the number of record holders of Common Stock of AdStar was approximately 41, and there were no holders of Preferred Stock. AdStar believes that there are more than 1,700 beneficial holders of the Common Stock.
Warrants
In connection with a contract agreement with Nokia Corporation, fully-vested warrants were granted on February 13, 2007 to purchase 100,000 shares of the Company’s common stock at a price of $2.45 with a ten year life. The company recognized the cost of these warrants in the amount of $216,000. The warrants were granted in connection with a contract with Nokia Corporation to develop a pilot program for processing advertisements placed on cellular phones.
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