NVEI
94 million shares outstanding at 9 1/2 dollars = 800 million market cap. 300K book value. 6K in sales. Lots of cheap shares out there.
From 10q
- During the Year Ended October 31, 1999:
For the period from November 1, 1998 to October 31, 1999, the Company issued 7,398,367
shares of common stock at prices ranging from $.02 to $.41 per share, totalling $610,062.
On December 15, 1998, the Company issued 100,000 shares of common stock at $.04 for
professional services totalling $4,000.
On December 28, 1998, the Company issued 1,000,000 shares of common stock at $.05 in
settlement of debt totalling $50,000.
On July 23, 1999, the Company issued 2,500,000 shares of common stock at $.04 for professional
services totalling $100,000.
During August 1999, the Company issued 2,296,645 shares of common stock between $.05 and
$1.00 for professional services totalling
On August 13, 1999, the Company issued 375,000 shares of common stock at $.25 for director
fees totalling $93,750.
On August 20, 1999, the Company issued 729,287 shares of common stock between $.28 and
$.35 in settlement of debt totalling
During September 1999, the Company issued 395,500 shares of common stock between $.12 and
$.50 in settlement of debt totalling $91,625.
- During the Year Ended October 31, 1999: (Continued)
During September 1999, the Company issued 1,735,267 shares of common stock between $.35
and $.50 for professional services totalling $610,062.
On September 27, 1999, the Company issued 500,000 shares of common stock at $.35 for
consulting fees totalling $175,000.
- During the Six Months Ended April 30, 2000:
During the three months ended January 31, 2000, the Company sold 709,850 shares of common
stock for $211,909.
During the three months ended January 31, 2000, the Company issued 119,060 shares of common
stock between $.25 and $.35 for consulting services totalling $34,050.
During the three months ended January 31, 2000, the Company issued 50,000 shares of common
stock at $1.00 for the acquisition of Impact Pictures, Inc.
On February 17, 2000, the Company issued 12,000,000 shares of common stock at $.50 for the
acquisition of New Wheel Technology, Inc.
During February 2000, the Company sold 157,143 shares of common stock for $55,000.
In connection with the acquisition of New Wheel, the Company entered into an agreement with
lenders to provide loans of up to $1.5 million. As consideration for these loans and other services
under the agreement, the Company issued 6,000,000 shares of its common stock to the lenders.
The Company has valued the stock at $3,000,000 to be amortized over the life of the debt
instrument. As of April 30, 2000, the Company had not received proceeds under the debt financing.
Accordingly, the Company has classified the $3,000,000 as deferred financing costs in
stockholders' equity as of April 30, 2000.
On March 17, 2000, the Company issued 5,000 shares at $.70 for a signing bonus to an employee.
During March 2000, the Company issued 616,361 shares of common stock between $.35 and
$3.00 for consulting and professional services totalling $388,329. - During the Six Months Ended April 30, 2000: (Continued)
During March 2000, the Company sold 945,134 shares of common stock for $1,231,791.
During April 2000, the Company issued 4,022,900 shares of common stock between $.30 and
$.50 for professional services totalling
During April 2000, the Company sold 12,515 shares of common stock for $31,288.
On February 11, 2000, the Board of Directors of the Company granted to three directors options
to acquire 3,600,000 shares of its common stock. The exercise price for the options is $1.00 per
share. The options vest in four equal annual installments of 900,000 shares commencing February
11, 2000 and expire February 11, 2010. |
