I'm in the wrong end of this investing thing. From our latest filing:
Effective February 3, 1998 we entered into a consulting agreement with Patrick M. Rost to provide financial support and market makers for our publicly traded common stock. In accordance with the terms of the agreement, Mr. Rost was issued 400,000 shares valued at $.035 per share and 1,250,000 shares at $.03 per share (issued to Lightning Imports) as compensation for consulting services. In addition, Mr. Rost was granted an option to acquire 1,000,000 shares at $.05, 1,000,000 at $.07 and 1,000,000 at $.09 per share. At the time of the grant of the options, the market price of the stock was in excess of the option prices. The options for the 1,000,000 shares at $.05 and the 1,000,000 shares at $.07 were exercised. The option for the 1,000,000 shares at $.09 expired unexercised.
Effective September 15, 1999 we entered into a consulting and financial services agreement with Patrick M. Rost. The consulting and financial services agreement provides for developing, managing and marketing financial services for us from March 1, 1999 through December 31, 2000. In connection with the agreement, Mr. Rost received 200,000 shares of "restricted" common stock and options to purchase 1,000,000 shares of common stock at $.50 per share until December 31, 2000. The shares underlying the options are being registered in this registration statement. |
