For those who haven't already read it, here's some info on recent events at Playstar(per the 10Q for March 31, 1999):
Note 8. Subsequent Events
On April 8, 1999 Stuart Brazier joined the Company as its new President, Chairman of the Board and Chief Executive Officer. At that time, Mr. Brazier was the beneficial owner of the remaining 50% of NetEngine not owned by the Company. He had underway negotiations involving millions of processing dollars and it was agreed that the Company would acquire his interest in NetEngine for 2,000,000 shares of its common stock (1,000,000 of which would be not issued until January 8, 2000); and grant him an option to acquire an additional 500,000 shares of common stock at $1.25 until March 31, 2001.
During May the Company agreed to acquire from Hanver Trust Company a 90% interest in VirtualCard PLC, a Nevis public liability company for 2,000,000 shares of its common stock plus an additional 100,000 shares in fees.
Here is the link:
edgar-online.com
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