nd could this be our James J Fiedler?
James J. Fiedler 540,000 7.2 0 175,000 175,000
owner of 2.6% of shares of CYOE...?
Mr. Fiedler, the Company's Chairman and Chief Executive Officer, loaned
the Company $250,000 in June 1997. The principal amount of the loan was
converted to common stock in conjunction with Mr. Fiedler's purchase of
Company common stock pursuant to the Regulation D private placement in July
Snip: loans to them...from the company!
On November 11, 1996 the Company loaned $300,000 to each of Messrs.
Fiedler and Latham. Messrs. Fiedler and Latham both executed unsecured
Promissory Notes due November 1, 1999 which provide interest at 6.07% per
annum compounded on the anniversary date and payable on November 1, 1999.
1997 (see Note 15 to the Consolidated Financial Statements.) Mr. Latham, the
Company's President and Chief Operating officer, loaned the Company $98,000
subsequent to March 31, 1997. This loan was repaid in July 1997. Mr.
Portner, a Director, purchased Company common stock pursuant to the
Regulation D private placement (see Note 15 to the Consolidated Financial
Statements). |
