hi mmmary:
Have I got this right?
JNOT was issuing shares in the second half of 2001 at less than 10 cents per share.
Since then the price has risen six-fold, while operating results and prospects have continued
to deteriorate to the point today where there is no cash and no resources to support further operation.
Common Stock
--------------------- Additional
Number of Paid-in Unearned Accumulated
Shares Amount Capital Compensation Deficit Total
---------- ------ ------------ ------------ ------------ -----------
Balance, August 1, 2001 19,312,807 $193 $ 35,669,723 $(975,090) $(34,539,270) $ 155,556
Sales of common
stock pursuant
to equity financing
agreement, net of
expenses of $38,575 7,161,510 72 632,812 632,884
Effects of issuance
of common stock
in exchange for
services 551,807 6 88,184 88,190
Effects of issuance
of stock options in
exchange for services 373,000 373,000
Effects of cancellation of stock
options previously issued in
exchange for services (189,000) 189,000
Options exercised 630,000 6 51,494 51,500
Amortization of unearned
compensation 645,000 645,000
Net loss
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