Swissguard is probably a one many show operated by Cecil.. unless there is some reason their newsletters stopped in Sept. 2010. But hey.. methinks that Swissguard will all of a sudden be the broker in a new placement for the next round @ $.29. Funny that. It's also worth noting their main business seems to be helping people get set up to avoid taxes and securities issues.. like this snippet form an article from them:
"Reporting requirements. The use of an offshore trust permits more economical and advantageous purchases of foreign securities, directly or through foreign mutual funds. Foreign securities purchased by or on behalf of U.S. residents, either individually or through a mutual fund, must be reported under Regulation S. to the Securities & Exchange Commission. This reporting is extremely time-consuming and expensive for banks, brokerage firms, and financial institutions, whether located inside or outside the United States. The offshore trust, which is treated as a foreign person for legal purposes, avoids the requirement to report the purchase of foreign securities by or on behalf of U.S. persons to the Securities & Exchange Commission."
Does this mean insiders of STWA could buy placements and warrants and not report? Probably why so much volume can flow without dropping the foot, until the odd retail sell comes along like we saw when it dropped 10% on about 10 grand sold. Anyone can also look at the taxes paid in for foreign investment on page 12 under "capital stock":
"During the three months ended March 31, 2013, the Company issued 14,344,600 shares of common stock upon exercise of warrants at $0.25 to $0.30 per share for gross proceeds of $4,097,777. The Company incurred direct costs in the amount of $68,500 in commissions paid on warrants exercised by foreign (non-U.S.) investors for aggregate net proceeds of $4,029,277."
So it looks to me like ALL of the warrants exercised were from a foreign owner.. I wonder where the commissions went lol! well except for about $68,000 worth. Maybe this is why insiders are so sure that there will be no warrant dump because they are all held by one person who happens to buy via an offshore entity.. maybe like Swissguard? Because you would think that with such a great device like the AOT, there must be SOME North American investors.. right?
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Does anyone know anything about the line on page 6 "Accounts payable – license agreements" that I assume is to Temple, but since inception has only cost 225,919$, but in the first quarter 2013 was a positive number??
The odd thing later on page 13 states:
"During the period ended March 31, 2013, the Company recognized a total of $62,500 pursuant to this agreement and has been reflected in Research and Development expenses on the accompanying condensed consolidated statement of operations."
That STWA is putting the licence payments into R&D. I wonder if someone backed all of these things out of R&D how little this company actually spends on that!
To whomever thought the default from Temple was for Temple to negotiate a royalty, they already had that, page 13:
"Pursuant to the two licensing agreements, the Company agreed to pay Temple the following: (i) non-refundable license maintenance fee of $300,000; (ii) annual maintenance fees of $187,500; (iii) royalty fee ranging from 4% up to 7% from revenues generated from the licensing agreements; and (iv) 25% of all revenues generated from sub-licensees to secure or maintain the sub-license or option thereon"
Page 11:
"During the three months ended March 31, 2013, the Company issued 50,000 shares of common stock for consulting services provided valued at $49,000, or $0.98 per share. The shares issued were valued at the trading price at the date of the agreement.
"
This is probably the 50,000 stock they gave to stocknewswatch for the penny promo. Funny they valued the stock at 1$ for them, but everyone else inside gets it at $.29.
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