Continental Capital Equity Corporation ties to Wall Street Strategies .
WALL STREET STRATEGIES CORPORATION AND SUBSIDIARY
WASHINGTON, D.C. 20549
FORM 10-QSB/A- MARCH 31, 2000
On February 9, 2000, the Company issued to Continental Capital Equity Corporation
("CCEC"), a sophisticated investor, 30,000 shares of common stock as compensation for
services to be rendered by CCEC to the Company pursuant to a Market Access Program
Marketing Agreement dated January 26, 2000. The Company also issued to CCEC an
option to purchase an additional 100,000 shares of common stock at pRICEs ranging from
$10.00 to $16.00 per share. The common stock issuance and option grant were
measured using the share pRICE of $14.00 on January 26, 2000 and was accounted for as
unearned compensation in the amounts of $420,000 and $870,000, respectively. The
$1,290,000 is being charged to operations ratably over the twelve-month period of the
agreement. Approximately $226,000 has been charged to operations for the three
months ended March 31, 2000. |
