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Replies to #32 on Manaris (AVNY)

jmack3265

08/29/07 3:10 PM

#33 RE: hans123 #32

Yes hans123, presented primarily as a 4M share registration for employee compensation plan but what's important to watch is......

From the 8S
"The persons who shall be eligible to receive Grants shall be employees, consultants and advisers who provide services to the Company in connection with, among other things, the Company’s obligations as a publicly-held reporting company. The term consultant shall mean any person who is engaged by the Company to render services and is compensated for such services."

just how much of this 4M share registration goes to employees and how much of it is used in paying debt due to consultants or debt acquired for services. Manaris paying their attorney's is one thing but if they have, are, or start paying their suppliers with equity for debt that's another matter all together.

EX-10.1 3 v085804_ex10-1.htm
http://www.sec.gov/Archives/edgar/data/1125051/000114420407045595/v085804_ex10-1.htm