POWER SHORT ASAT...here is the proof...
"As of May 6, 1999, the Company had issued and outstanding 16,293,215
shares of Common Stock and had reserved: 7,178,914 shares of Common Stock for issuance upon exercise of outstanding options."
"After the merger the Company issued 2,092,500 shares of common stock
under Regulation S according to its agreement with Corporate Financial
Enterprises at $0.7168 per share. These shares were issued to investors in Europe."
"Technology Guardian, Inc., a California corporation, which was merged
into the Company, entered into an Agreement with Pacific Capital Group Ltd. ("Pacific Capital"), to sell shares pursuant to the terms of a Confidential Offering Memorandum dated July 2, 1998 ("Pacific Capital Offering"). Pacific Capital purchased 2,092,500 shares at $0.7168 per share for a total of $1,500,000, of which 754,045 shares were sold under Rule 504 of Regulation D, and the remaining 1,338,455 under Regulation S."
Smells funny to me.....better smack it will it's still got a bid... |
