Bob, you fella's really need to give these filings a good going over,there are shares hidden everywhere. This S-8 is a good filing to get a handle on some of whats out there..DD (Sorry,got carried away again...'nite) How many shares did KTEL's big dog sell?//
edgar-online.com
Future Issuances of Common Stock Pursuant to Non-Statutory Stock Option
Plans, Non-Plan Options, Warrants and Contingent Stock Issuances. The Company
has in effect three separate non-qualified stock option plans which, combined,
initially reserved for issuance up to 40,000,000 shares of the Company's Common
Stock, for the benefit of officers, directors, employees and consultants of the
Company and its subsidiaries. As of the date of this Reoffer Prospectus,
approximately 18,888,449 shares of Common Stock remain reserved for issuance and
approximately 12,689,193 of these shares are currently under option. The Company
also currently has outstanding non-plan options, warrants and other contingent
commitments to issue an aggregate of approximately 21,460,693 shares of Common
Stock (this amount includes 6,000,000 shares proposed to be issued in connection
with the acquisition of Compact Connection, Inc. - see the above risk factor
captioned "Acquisition of Compact Connection, Inc."). Additional securities or
options to acquire securities of the Company may be issued or granted at any
time by the Board of Directors, in most cases without requiring shareholder
approval. The issuance of additional shares will have the effect of diluting the
percentage ownership of the then existing shareholders.
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