News Focus
News Focus
icon url

jmurfk

01/12/12 9:08 PM

#3228 RE: lmcat #3227

Considering most of these units were sold at .35 each, I would say it helps from current levels. Each unit consisted of a common share and a common share warrant, exercisable at .50.
icon url

032798

01/12/12 11:02 PM

#3229 RE: lmcat #3227

How about these shares......???

http://www.sec.gov/Archives/edgar/data/1112706/000106299311004933/forms1a.htm (please click the link to read the whole filing)

edit: I think the the reverse split was in 2010. Not 2011 like it says in that filing. You might want to get verification though.

RECENT SALES OF UNREGISTERED SECURITIES

During the past three years, we completed the following sales of unregistered securities (all amounts have been adjusted to reflect a 79-for-100 reverse split effective November 24, 2011):

1. On June 30, 2009, we completed a private placement of 15,513,978 units to settle outstanding indebtedness of $785,517. Each unit consisted of one share and one-half share purchase warrant, with each whole share purchase warrant entitling the holder to purchase one additional share at a price of $0.08 per share until June 30, 2011. This private placement was completed pursuant to the provisions of Regulation S of the Securities Act.


2. On June 30, 2009, we completed a private placement of 14,931,000 shares of our common stock at a price of $0.05 per share for total proceeds of $756,000. This private placement was completed pursuant to the provisions of Regulation S of the Securities Act.


3. On August 10, 2009, we completed a private placement of 10,151,500 shares of our common stock at a price of $0.05 per share for total proceeds of $514,000. This private placement was completed pursuant to the provisions of Regulation S of the Securities Act.


4. On August 31, 2009, we completed a private placement of 1,086,250 shares of our common stock at a price of $0.05 per share for total proceeds of $55,000. This private placement was completed pursuant to the provisions of Regulation S of the Securities Act.