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Replies to #26662 on One Step Ahead
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Bo14172

01/07/05 12:58 PM

#26671 RE: Mach1cobra #26662

Mach, it's only 300 mil.

Per the 10QSB.

Also, "There are 40,909,392 shares of common stock issued and outstanding as of November 15, 2004."

I was looking at the weighted average accounting figures, and the above statement was placed even before the index of the 10Q. Still very nice. I had estimated 32 million in a previous post.

Finally, the 10 million of shares they issued to purchase DM2 are RESTRICTED SHARES. From the 10QSB:

"At Closing, the Company will tender 10,000,000 shares of its restricted common stock and cash in the amount of $1,000,000 in the form of a promissory note, the terms of which shall be mutually agreed upon prior to Closing. Closing is scheduled to occur on or about December 1, 2004."

Volume churning > 4 million now.

Bo