This is from the financial statement 2/19/99:
Shareholders' equity (deficit)
Series A preferred stock,
$1,000 par value, 7,500 shares
authorized, 420.5 shares issued
and outstanding 420 420
Series C preferred stock,
$1,000 par value, 1,200 shares
authorized, 236 shares issued and
outstanding -- 2,360
Common stock, $0.005 par value,
100,000,000 shares authorized;
13,301,078 shares issued and
outstanding 67 62
Paid-in capital 36,506 35,859
Shareholder loans (110) (110)
Accumulated deficit (38,557) (33,987)
Total shareholders' equity
(deficit) (1,674) 4,604
$ 19,019 $ 20,961
100,000,000 authorized, 13.3 million issued and outstanding. That's a lot of shares. Where did your figure of 5.9 million come from?
M. |
