here is the good part LOLOLOL
Save the World's impressive stock market rise to a peak capitalization of
$252-million has made the company's president, Jeffrey Muller, and his wife,
Lynette Muller, quite rich, at least on paper.
At Dec. 31, the company had 18,010,000 shares outstanding. The Mullers paid
$1,800 for 18 million shares on Feb. 20, 1996. It is unclear now many of these
shares are now free-trading. In the company's only other private placement, it sold
10,000 shares at $10 each in early 1998 in a financing under Rule 504 of
Regulation D.
At Dec. 31, Mr. Muller and his wife each had beneficial ownership of seven
million shares, for a total of 14 million shares. It is unclear what happened to the
other four million shares they held earlier.
Save The World's flagship asset is its fuel saver, a device said to run exclusively
on forced air. The company bought 70 per cent of the rights to the device in 1997
from Mr. Muller's brother, Terence Muller, its owner. |
