where the $700 M market cap and all those shares came from:
UAI has 24,370,422 shares outstanding as of April 30, 1999
We have:
53,3k shares, the original investment, held at USFH
19.777 k shares issued for the purchase of IFHC
169,7k, the stub for old Caldera owners.
--------
=20.000k
Then
3.975 k shares remaining at Rockford, Bahamas for the purchase of
USHF
2.055 k shares for Mr. Feldman
The last one is interesting. The 2M shares have been, as stated in the ok for an "investment" in ISFH which, at the time was owned by S, N & C.
N, as an experienced reader of SEC filings, one question to you.
The 2M feldman shares, are that shares from the company, newly issued, or are they diverted from the old shareholders (as part of their consideration for the ISFH merger) to Mr. Feldman.
In any case I would expect to see filings for either selling shares to Mr Feldman, or issuing shares, no? |
