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Microcap & Penny Stocks : ISGI ANYONE????

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To: Andrew Spurlin who wrote (1721)8/23/1996 10:35:00 PM
From: Charles S. Mitchell   of 2665
 
Andrew here are my numbers......

Source S-8 filed 6/27/1996:

The Company has 1,578,001 shares of Preferred Stock outstanding at June 14, 1996, including 73,000 shares of Series A Preferred Stock, 150,000 shares of Series D Preferred Stock (to be cancelled), 3,000 shares of Series F Preferred Stock, 500,000 shares of Series K Preferred Stock, 231,000 shares of Series M Preferred Stock, 66,500 shares of Series N Preferred Stock, 35,000 shares of Series O Preferred Stock, 267,501 shares of Preferred Stock, and 250,000 shares of Series Q Preferred Stock.

Source 10-Q/A filed 8/22/1996:

STOCKHOLDERS' EQUITY: Preferred stock, $.00001 par value, 10,000,000 shares authorized, 2,223,001 shares issued and outstanding.

Common Stock, $.00001 par value,100,000,000 shares authorized,39,535,556 shares (unaudited)

2,223,001
-1,578,001
----------
645,000 This issued between June 14 and August 22.

series.........shares.......converted
A..............73,000.......7,300,000
D.............150,000*......---------
F...............3,000.........300,000
K.............500,000......50,000,000
M.............231,000......23,100,000
N..............66,500.......6,650,000
O..............35,000.......3,500,000
P.............267,501......17,833,400...min...8,916,700 1 Yr
Q.............250,000......10,000,000...min...6,200,000 2Yrs
------------------------------------------------------------
............1,426,001......118,683,400..min.105,967,100
New...........645,000.......64,500,000?......64,500,000?
------------------------------------------------------------
............2,071,001......183,183,000......170,467,100
..............150,000.......Cancelled
------------------------------------------------------------
............2,221,001**

*Cancelled or to be cancelled.
**I still can't account for 2,000 shares outstanding. The missing shares are probably an increase in one of the preferred series.

This is my best guess.
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