Why I like CHIP!
1)Reporting company
2)The number of shares of common stock, $0.01 par value, outstanding as of September 30, 1999: 28,358,000 shares
3) Paul registered EURBID.COM
networksolutions.com
Administrative Contact:
Montle, Paul (PM10191) brenbell@GS.VERIO.NET
(3531) 6790222 (FAX) (3531) 6790819
4) From the 10KSB:
" In the future, the Company intends to explore opportunities to develop or acquire one or more businesses in other industries. The Company expects to focus specifically on Internet-related businesses."
5) LS Capital Corporation Retains Denham & King, PLLC to Pursue Full House Litigation
finance.yahoo.com
6) LS Capital Corporation Acquires Mineral Lease Holding in Taseko Lake
biz.yahoo.com
7)In the future, the Company intends to explore opportunities to develop or acquire businesses which may be related to the Internet, specifically focusing on the European sector. To facilitate this effort the Company relocated its corporate offices to Dublin, Ireland in September, 1998. Dublin was selected due to its participation in the Euro currency markets as well as the presence of numerous U.S. computer-related businesses and also the availability of a well-educated workforce fluent in English and numerous foreign languages.
The Company believes that there will be attractive Internet-related opportunities in Europe as access to personal computers by individuals in that market is projected to increase to the 40% level currently prevalent in the U.S. by 2003 versus an estimated 14% access at present in Europe."
8) Montle has a proven record in the Internet business, CHIP has already had a spin off with JVWB - jvweb.com
chart.bigcharts.com
"In January, 1998, JVWeb, Inc. ("JVWeb"), a company formed to pursue
electronic commerce opportunities, filed a registration statement with the
Securities and Exchange Commission regarding the spin-off of JVWeb to the
Company's shareholders. The final approval of its registration statement was
received on May 12, 1998 and JVWeb expected to begin trading on the OTC
Electronic Bulletin Board shortly thereafter. The Company expects to distribute
to its stockholders approximately 280,000 shares and 1,120,000 Class A warrants
and retained ownership of 220,000 shares and 380,000 warrants."
9) 5,000,000 stock option plan:
LS CAPITAL CORPORATION FISCAL 2000 NON-QUALIFIED STOCK OPTION PLAN 1. NAME AND PURPOSES OF THE PLAN (a) The plan set forth herein shall be known as "LS Capital Corporation Fiscal 2000 Non-Qualified Stock Option Plan" (the "Plan"). (b) The purposes of the Plan are to: (i) Encourage selected employees, directors and consultants to improve operations and increase profits of LS Capital Corporation, a Delaware corporation (the "Company"); (ii) Encourage selected employees, directors and consultants to accept or continue employment or association with the Company or its Affiliates (as defined below); and (iii) Increase the interest of selected employees, directors and consultants in the Company's welfare through participation in the growth in value of the common stock of the Company (the "Common Stock").
10)400,000 shares of Common Stock owned by trusts for the benefit of Mr. Montle's children
11) You can buy CHIP for under a dime!
SSP
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