Yeah, I see now that it looks like only the high bidder is shown. Guess I was thinking of egghead's auctions where like the top 5 or so are shown.
This release from 2/3/99 looks like before the name change they aquired MindCorp for a stock swap. I don't understand enough yet to fully comprehend the gist of it. Looks like MC gets 2.375 mil restricted shares. So if they issued 4 mil shares, and MC got 2.375 of them, this mean that the float is only 1.625 mil? I'm lost! ; )
Wednesday February 3, 8:37 pm Eastern Time
Company Press Release
HHHP, INC. To Acquire MindCorp, LLC
LAS VEGAS--(BUSINESS WIRE)--Feb. 3, 1999--HHHP, INC. (OTC BB:HHHP) (the ''Company'') announces that it has entered into an agreement to acquire MindCorp, LLC, a Nevada limited liability company (''MindCorp'').
MindCorp is owned by Stewart Irvine. The Company will issue a total of 2,375,000 restricted common shares to Irvine on completion of the acquisition. The closing date of the acquisition will be on February 16, 1999. The Company's obligation to complete the acquisition is subject to the completion of satisfactory due diligence investigations.
MindCorp is engaged in the business of developing commerce for art and collectibles in the internet sector of the economy.
The Board of Directors of the Company have approved a private placement of 4,000,000 common shares at a price of $0.08 US per share. The private placement will be completed pursuant to Rule 504 of Regulation D promulgated pursuant to the United States Securities Act of 1933. The proceeds of the private placement will be used to fund the business of MindCorp.
Certain matters discussed in this Press Release may constitute forward-looking statements within the Private Securities Litigation Reform Act of 1995 and, as such, may involve known and unknown risks and uncertainties and other factors that may cause the actual results to be materially different from the results implied herein. Readers are cautioned not to place undue reliance on the forward-looking statements made in this Press Release.
ON BEHALF OF THE BOARD OF DIRECTORS OF HHHP, INC.,
''John Xinos'' JOHN XINOS
This is getting more interesting all the time. ; )
Snerd
|
