Michael, it's official. New S-3 filed today. Check this out. Selling 70MM more shares @ $.25/share. Must need to pay salaries this month.
CALCULATION OF REGISTRATION FEE
=========================================================================================================
Title of Securities Amount to be Proposed Maximum Proposed Maximum Amount of
to be Registered Registered(1) Offering Price Aggregate Registration Fee
Per Share(2) Offering Price(2)
---------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Common Stock,
$0.0001 par value 70,909,679 $0.25 $17,727,420 $5,229.59
=========================================================================================================
</TABLE>
(1) Includes (i) a presently indeterminable number of shares issuable on
conversion of or otherwise in respect of 31,090 shares of Registrant's 5%
Cumulative Convertible Preferred Stock, Series 7, (ii) 221,880 shares issued
in exchange for debts owed to certain of the Company's creditors, and (iii)
5,503,947 shares issuable on exercise of certain outstanding stock purchase
warrants. |
