Tuesday, April 17, 2012 10:36:38 AM
On October 1, 2011, 800 Commerce, Inc, (the Company’s majority owned subsidiary) issued 1,000,000 shares of its common stock to Mr. Friedman, in lieu of salary. The shares were valued at $0.10 per share, the price of a private placement that 800 Commerce, Inc. sold common stock.
On October 1, 2011, 800 Commerce, Inc, (the Company’s majority owned subsidiary) issued 178,000 shares of its common stock to Mr. Hollander, in lieu of salary. The shares were valued at $0.10 per share, the price of a private placement that 800 Commerce, Inc. sold common stock.
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