MDCH - Shareholders' equity (deficit):
Preferred stock - $.001 par value, 25,000,000 shares
authorized, none issued or outstanding
Common stock - $.001 par value, 400,000,000 shares
authorized: May 31, 1999, 123,816,925 shares issued and
to be issued; Aug. 31, 1999 123,816,925 shares issued
DEVELOPMENT STAGE ACTIVITIES
THE COMPANY IS IN THE DEVELOPMENT STAGE AND ACCORDINGLY HAS HAD NO SIGNIFICANT
REVENUES. ITS PRINCIPAL DEVELOPMENT ACTIVITIES FROM MAY 4, 1982 (INCEPTION)
THROUGH AUG. 31, 1999, HAVE BEEN EFFORTS TO SECURE FINANCING, CREATE A
MANAGEMENT AND BUSINESS STRUCTURE, AND DEVELOP AND TEST VIRAPLEX(R) AND
MTCH-24(TM). |
