just a few notes on the # of shares in float
I have only looked at this briefly
5/98 the company issued warrants for 675,000 shares at .01; valued at $1.78 a share plus 1,375,000 warrants for shares at $1.82 in exchange for some issued notes
all these were exercised
7/13/98
issued 1,125,000 warrants at .01, valued at $4.00 a share
there are also a ton more cheap warrants and options outstanding
for the Street acquisition they issued 4,9758,000 shares plus preferred that can be converted into 7,214,000 common at I think $3.00
on 2/1 Fletcher Mgt, which owned 1,666,000 shares filed with the sec to sell 2,417,000 more shares, no proceeds of which will go to the company
the company that gave SEVL the plug in bus week owns 5% of the shares
now lets think, if this stock ramps up in price, who of the above might be selling millions of shares to the little guys who think that a paid add on AOL is a big deal? |
