Question of shares put to rest.
Pls review and post so that we can defend ourselves from the attack of the suposed growing shares !
Rob
Go OVIS
Anual report for 1996
sec.gov
1. The number of shares of Registrant's Common Stock outstanding of June 30, 1996
was 9,666,464.
(c) SHARE ISSUANCES:
During September 1996, the Company issued 1,500,000 shares for
services. During October and November 1996, the Company sold
13,100,000 shares pursuant to the exemption from registration
provided by Section 4(2) of the Securities Act of 1993, as amended,
("the Act") as well as Regulation S promulgated pursuant to the Act.
9666464
13100000
1500000
__________
24.2 M
Now in 10QSB filed 4 May 1997
sec.gov
The number of shares outstanding of the Registrant's Common Stock, par
value $0.0001 per share, at March 31, 1996 was 914,401 shares.
This is after 30:1 split so 914401*30= 27.4 million within 10% of stated number
Latest 10qsb sec.gov
(b) Share Issuances:
The number of shares outstanding of the Registrant's Common
Stock, par value
$0.0001 per share at May 15, 1997 was 2,571,081 shares.
During April 4, 1997 the Company registered 2,000,000 shares of
common stock
pursuant to a Form S-8 registration statement. At the time of this
filing the
Company had issued 1,656,680 shares for compensation.
Now 2.5 mil-1.6 mil = .9 mill which happens to be...
The number of shares outstanding of the Registrant's Common
Stock, par
value $0.0001 per share, at March 26, 1997 was 914,401 shares.
So the shares have not been inflated
Best regards
Rob |
