TO ALL:
this is a question I posted on 23 August and 4 September. But there is still no answer.
I would really appreciate your comments on it, ie. WHY ARE THE 8K AND THE 10Q numbers DIFFERENT? Can anyone enlighten me, please? Is it legitimate to change the conversion rate like that?
Here is the wording again:
10Q filed on 19 August
Certain consultants received 250,000 shares of Series Q Preferred Stock which are convertible into
25,000,000 shares of Common Stock of the Company.Such shares have been valued at the fair market value
and have been charged to the cost of the acquisition.
Whereas the 8K filed 10 June says:
There shall be issued to the persons designated on
Schedule 1.1 (v) 250,000 shares of ISG's Series Q NonCumulative Convertible Voting Preferred Stock ($100
stated value ) (the "Series Q Preferred Stock"). The Series Q Preferred Stock shall
be convertible into a maximum of 10,000,000 shares of Common Stock and a minimum of 6,250,000 shares
of Common Stock of ISG.
Regards,
Max Ghellere |
