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Re: Snizzle post# 5343

Sunday, 04/15/2012 4:15:08 PM

Sunday, April 15, 2012 4:15:08 PM

Post# of 27967
We will know how much of a percentage Lev will get once the 8-K is out.

I never noticed this before, but the previous S-8 registration was employee and director related.

http://www.sec.gov/Archives/edgar/data/1421665/000101376211000465/0001013762-11-000465-index.htm

This Solar Energy Initiatives, Inc. 2011 Incentive Stock Plan (the " Plan ") is designed to retain directors, executives and selected employees and consultants and reward them for making major contributions to the success of the Company. These objectives are accomplished by making long-term incentive awards under the Plan thereby providing Participants with a proprietary interest in the growth and performance of the Company


The S-8 which was filed last week is entitled

http://www.sec.gov/Archives/edgar/data/1421665/000149315212000288/0001493152-12-000288-index.htm

SOLAR ENERGY INITIATIVES, INC.

2012 EMPLOYEE AND CONSULTANT STOCK COMPENSATION PLAN

1. Purpose. The purpose of this 2012 Employee and Consultant Stock Plan (“Plan”) is to provide compensation in the form of common stock (“Common Stock”), $0.001 par value, of US Natural Gas Corp (the “Company”) to employees and “eligible consultants” (as defined in Section 3 hereof) who have previously rendered services to the Company or who will render services to the Company in the future.


This is much different than what was filed on 2/24/2011 "to retain directors" and "reward them for making major contributions to the success of the company." This is for "previously rendered services or who will render services to the Company in the future."

Sounds like making a closing price to Lev, lawyers, etc. to me.

The end is near...

All The Best