Shares Authorized: 180 million
Preferred: 30 Million
Common: 150 Million
Shares Issued and Outstanding: 7,566,000
Float: 4,466,000
Of the 4,466,000 float, over 1,000,000 is held by a
single individual who owns over 10% of the company.
Source for above: Judy Ryon, Investor Relations, (310) 550-4971
I put a request into Judy last week for a complete breakdown of
restricted shares. She has not gotten back to me yet. There is
suppose to be a 10Q filled any day now which may shed additional
light on this question.
From their Feb. 5 filling we know the following:
2.1 million shares went to the president of Aviation Industries
on August 12, 1998. These shares we know are restricted until July
29, 1998 based upon AVIA's SEC filings.
4.2 million shares went to Tanaka Capital Limited in exchange
for a note payable in the amount of $150,000 and accrued interest
totalling $46,255 on August 4, 1998. I do not know what restrictions
applied to these shares
200,000 shares a piece went to the Joseph Dunn, President, CEO,
CFO of CITA Biomedical and Michael C. Hinton, Secretary and Director
of CITA Biomedical on September 20, 1998 in satisfaction of deferred
compensation.
200,000 shares went to a consultant who consulted with the
Company on reorganization and restructuring on September 20, 1998.
200,000 shares went to a consultant who consulted with the
Company on reorganization, restructuring, and acquisition strategies
and provided investment-banking services on September 20, 1998.
According to my accounting that leaves about 166,000 shares
unaccounted for. When I hear as to what the restrictions apply to
the shares, I will post it here. Perhaps Frank has some idea on
what percentage of the shares are in friendly hands? |
