Bob, In the 10Q from Sept 97 it shows only $34,017 in total Officer's
salaries for the 9 months ended Sept 30, 1997.
Cumulative During Nine Months Three Months
Development Ended Sept. 30, Ended Sept. 30,
Stage 1997 1996 1997 1996
Officer's salary 517,006 34,017 17,293 16,909 5,764
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Also, I was not able to find any reference at all to a Reg S in the 10Q of Sept 97.
I found the following info from a year ago about a small Reg S they did, but
I would assume those have probably already been converted.
I can't imagine a Reg S holder still having those shares this long.
Just not realistic.
"In February 1997, the Company and the minority shareholder completed
negotiations to convert the $343,000 of advances to common stock.
The Company issued 675,680 shares of stock under Regulation S
of the Securities Act of 1933 as repayment in full for such advances."
Best wishes,
Brad |
