Alex;
this is also what people are talking about...
OK Alex If you persist I will post.I didn't want to but someone has to set his straight to
answer where the money(new) has come from and just what is faced here;
On Feb 10/99--CompanyCancelled 50,000 director options at .22 and approved
525,000 options at .15 per share expiring on Feb 10,2001.These were approved on
Feb 25,1999.
On Apr 14/99-- Company proposed 400,000 director employee incentive options at
.15 exercisable before April 13,2001 and these were approved on April 20th 1999.
On Apr 19/99--Company proposed 655,000 director/employee options at .15/share
expiring April 19/2001 approved on April 22/1999
On May 12/99--Company approved 1,200,000 employee/director options at .16/share
expiring May 11/2001...
Check the last paragraph in this release:
wwwf.canada-stockwatch.com:80/cgi-shl/dbml.exe?templa...
wwwa.canada-stockwatch.com.
Total those options that are approved at .15 and .16 and you have 2,780,000 that will
add to dilution Alex.
The Osprey
good luck alex law,estelle ryan and kei lu on your venture!!
best regards,
bigbuk |
