Hi Everyone, If you want to keep the Due Diligence Report Updated, then here are the changes that I see:
Updates on Due Diligence:
CHANGES:
SHARES ISSUED: 18,271,370 from 16,763,710 an increase of 1,507,660. Could these be the $0.75 warrants that had an expiry date in January and March 1998? There were 1,753,000 Wts. to be exercised then. If so, then that would leave only 245,340 that have not been exercised.
FULLY DILUTED: 25,151,120 an increase of 89,000. The finders fees will account for 83,750 of them. The finders fees were not on the D.D. I posted. I don't know what the other 5,250 are for.
RESERVED FOR ISSUANCE: 6,879,750 Common Shares.
2,500,000 million common shares (pursuant to a stock option)
4,221,000 million common shares (when all wts. and options exercised)
83,750 finders fees (not included on my D.D.)
75,000 compensation options (included in my previous totals)
***********
6,879,750 Total Reserved for Issuance
I also notice that they now have a Market Maker, D. Unger of Levesque. Maybe this will smooth out the peaks and valleys.
Kathryn Church is Administration and Corporate Secretary.
The only other thing I noticed was that in their Annual Report they stated 1,395,000 options at $3.85 were outstanding and subsequently 100,000 were cancelled, but on my D.D., the figures were taken from the July quarterly, and they add up to 1,725,000. Looks like some of these options may have been exercised in headier times. The options were set in February, so there was some high-flying prices to exercise into at the time.
If anyone else can see any changes I haven't noticed, then please post so we can change our D.D. copies. Thank you.
Cheers
Shirley |
