PB bought them from the company, they are restricted shares. 454545 shares for $250,000. The company has 686500 free trading shares and 2,454,545 restricted shares.
They bought
1,000,000 at .90 1/2002
1,000,000 at .50 7/2002
454,545 at .55 10/2002
686,500 date purchased and price not listed
KAIR is an affiliated company of PB in that PB ownes more than 5% of the company as defined by the Investment Company Act of 1940.
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