Your use of funds shows only $300,000 going to working capital. That leaves $457,000 going to others. May I confirm with you that none of this figure is going to any company or entity in which you or any other Director can be considered a control person as per your responses to this part of the Form D.?
5. Indicate below the amount of the adjusted gross proceeds to the issuer
used or proposed to be used for each of the purposes shown. If the amount for any
purpose is not known, furnish an estimate and check the box to the left of the estimate.
The total of the payments listed must equal the adjusted gross proceeds to the issuer
set forth in response to Part C-Ques-tion 4.b. above.
Payments to
Officers,
Directors, & Payments To
Affiliates Others
Salaries and fees . . . . . . . . . . . . . . . . . . . . o $__________ o $ __125,000_
Purchase of real estate . . . . . . . . . . . . . . . . . o $__________ o $ ____-0-___
Purchase, rental or leasing and installation
of machinery and equipment. . . . . . . . . . . . . . . . o $__________ o $ ___35,000_
Construction or leasing of plant
buildings and facilities. . . . . . . . . . . . . . . . . o $__________ o $ __________
Acquisition of other businesses (including
the value of securities involved in this
offering that may be used in exchange for the
assets or securities of another issuer
pursuant to a merger. . . . . . . . . . . . . . . . . . . o $__________ o $ __________
Repayment of indebtedness . . . . . . . . . . . . . . . . o $__________ o $ __________
Working capital . . . . . . . . . . . . . . . . . . . . . o $__________ o $ __300,000_
Other (specify) ___Advertising, Inventory, Catalog, and__ o $__________ o $ __207,000_
__Show Expenses, Travel and Lodging______________________
__proform and execute Sales___________________. . . . . . o$ __________ o $ ___90,000_
Column Totals. . . . . . . . . . . . . . . . . . . . . . o $__________ o $ __757,000_
Total Payments Listed (column totals added) . . . . . . . . . . . . o $_1,000,000_ |
