Share breakdown for the lazy edgar readers from the latest 10Q:
For quarter ending March 31, 1998, company recieves net proceeds of $437,401 from issuing common stock (does not indicate number of shares.)
As of March 31, 1998: 31,556,134 shares
4/98 conversion of $620,500 of its 10% Convertible Subordinated Promissory Notes ("Notes") into common shares: 2,500,801 shares
4/98 Neidiger/Tucker/Bruner, Inc. exercised Warrants received in the 1997 Private Placement of the Notes: 233,959 shares
On April 7, 1998 to Global Relations Services, Inc. ("Global") in exchange for public relations services: 66,000 shares
Shares outstanding as of April 7
31,556,134 plus
2,500,801 plus
233,959 plus
66,000 equals
34,356,894 shares outstanding.
Next, from DEF 14A
VOTING SECURITIES AND VOTING RIGHTS
The close of business on April 20, 1998 has been fixed by the Board
of Directors of the Company as the record date for the determination of stockholders entitled to notice of and to vote at the annual meeting. On that date, the Company had outstanding 35,010,225 shares of common stock, all of which are entitled to vote on the matters to come before the annual meeting.
35,010,225 minus
34,356,894 equals
653,331 shares
That means since April an additional 653,331 shares were issued, but has not yet been specifically reported by the company.
Melissa, shares at the end of the period are different from the number of average shares for the period. That is where your confusion is coming from.
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