ztect, I was going to keep quiet,but.. Your confusing the filings for 20mm shares for the employee stock option plan with a privately place convertible debenture ---you will see further dilution,and your dreaming if you think the company is going to buy back shares anytime soon...good luck...DD
PS: we'll see what the terms are when the filing is out.When there is conversion, then you will see the outstanding number reflect the added dilution...not before they convert..
The number of shares of common stock authorized to be issued under the
Plan is 20,000,000. The prior registration statement filed on Form S-8
(Registration No. 333-52271) registered an initial 12,000,000 shares authorized
to be issued under the Plan. This registration statement registers the remaining
8,000,000 shares authorized to be issued under the Plan.
edgar-online.com
............and your 6mm shares...
In exchange for the assets, the Registrant agreed to
issue 6,000,000 shares of restricted common stock of the Registrant to the
Seller upon completion of the audit of the financial statements of Seller.
In exchange for the assets, the Registrant agreed to
issue 6,000,000 shares of restricted common stock of the Registrant to the
Seller upon completion of the audit of the financial statements of Seller. |
