Wonder IF Integrated Marketing discussed in this 2/99 8K of AOXY converted & sold any of the convertible preferred prior to negotiating this settlement - may account for the selling in large blocks that we have seen??? Is it possible that IMA is "short" the common now and needs the price held down??????
I need some help here - We need someone to go to Edgar and find out what the convertible was issued for and if any was sold after conversion (or call the company and find out this info). I do not have time for this DD - PLEASE HELP. It's a long shot but may explain the weird activity in this stock. Common guys let's look into this together - we all need to do a little bit to help..and report findings here. Thanks.
- ITEM 2: ACQUISITION OR DISPOSITION OFASSETS.
On January 29, 1999, pursuant to the Purchase
Agreement of 1/28/99 ("Purchase Agreement" attached
hereto as Exhibit I), Advanced Oxygen Technologies,
Inc. ("AOXY") purchased 1,670,000 shares of
convertible preferred stock of Advanced Oxygen
Technologies, Inc. ("STOCK") and a $550,000
promissory note issued by Advanced Oxygen
Technologies, Inc ("Note") from Integrated MarketingAgency, Inc.("IMA")
The terms of the Purchase Agreement were: AOXY
payed $15,000 to IMA, assumed a Citicorp Computer
Equipment Lease, #010-0031648-001 from IMA,
delivered to IMA certain tangible business property (as
listed in Exhibit A of the Purchase Agreement),
executed a one year $5,000 promissory note with IMA,
and delivered to IMA a Request For Dismissal of case
#PS003684 (restraining order) filed in Los Angeles
county superior court. IMA sold, transferred, and
delivered to AOXY the Stock and the Note. IMA sold,
transferred, assigned and delivered the Note and the
Stock to AOXY, executed documents with Citicorp
Leasing, Inc. to effectuate an express assumption by
AOXY of the obligation under lease #010-0031648-001
in the amount of $44,811.26, executed a UCC2 filing
releasing UCC-1 filing #9807560696 filed by IMA on
March 13, 1998, and delivered such documents as
required in the Purchase Agreement. |
