Hello Paul, nice to hear another "voice". Do you or anyone have a good handle on the recent dividend,is so could you explain in simple terms.TIA
edgar-partner.whowhere.com
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Been trying to see with my own eyes, how many shares are held by insiders, from the 8K "As a result of the foregoing transactions, Mr. Smith and Mr. Warren beneficially own or control 15,169,000 shares, or approximately 55%, of the outstanding shares of Company common stock." I got to tell you I like this- not all owned by Warren or Smith (but controlled)
Who are these other players? This is interesting stuff..
e. Ms. Newlin executed a promissory note, bearing interest at eight
percent (8%) per annum, with principal and interest due on
December 31, 1998, in the amount of $41,510, to Tintagel in
exchange for 415,000 shares of Company common stock.
-3-
<PAGE> 4
Further, in connection with the Tintagel Option, Ms. Newlin
granted Tintagel an option to purchase up to 33,208 shares of
Company common stock at $0.25 per share at any time or from time
to time during the period from July 1, 1998 to September 2, 1998.
f. Mr. Buckley executed a promissory note, bearing interest at eight
percent (8%) per annum, with principal and interest due on
December 31, 1998, in the amount of $40,000, to Tintagel in
exchange for 400,000 shares of Company common stock. Further, in
connection with the Tintagel Option, Mr. Buckley granted Tintagel
an option to purchase up to 32,000 shares of Company common stock
at $0.25 per share at any time or from time to time during the
period from July 1, 1998 to September 2, 1998.
g. Mr. Young executed a promissory note, bearing interest at eight
percent (8%) per annum, with principal and interest due on
December 31, 1998, in the amount of $101,870, to Tintagel in
exchange for 1,018,700 shares of Company common stock. Further,
in connection with the Tintagel Option, Mr. Young granted
Tintagel an option to purchase up to 81,496 shares of Company
common stock at $0.25 per share at any time or from time to time
during the period from July 1, 1998 to September 2, 1998.
edgar.whowhere.com
I'm going to spend some time researching the recent warrants also..
Would really like the explanation of the dividend (I think for holders of Nov 1997)-it appears is to the benefit of large holders. These guys have made some killer cash(on paper),in the last year ($.82/sh),I'm impressed no one has sold a portion of their holdings.. DD |
