Re: SHPS outstanding shares...
>Your figures for SHPS are Wrong, There is less than
>4,500,000 Shares Outstanding presently, all the rest
>have been CANCELED. Rob
Appears there could be 8,997,160 shares outstanding
if they did get back the 11,000,000 shares. But did
they? I like to use what is in writing per SEC.
Remember, signing an agreement and actually getting the
shares cancelled do not mean the same thing.
Where did you get your number?
From the 3/31/2000 10Q:
The number of shares of Common Stock, par value $ .01 per share, outstanding as
of March 31, 2000 is 19,997,160.
On May 12, 2000, the Company signed an agreement with OSCM to cancel $900,000 of
indebtedness owed by OSCM to the Company for the return and cancellation of
11,000,000 shares of common stock and the issuance of a warrant to purchase up
to 3,000,000 shares of common stock of the Company for $5.00 per share for a
period of two years. This new agreement also made clarifications as to certain
terms of the original Asset Purchase Agreement between OSCM and the Company. |
