10K is out -
Shares:
On March 31, 1999, the number of shares outstanding of the
registrant's Common Stock, $0.001 par value (the only class of
voting stock), was 472,061,312.
Look it up here:
freeedgar.com
They made an acquisition:
On December 14, 1998, the Company effectively entered into a Stock Purchase Agreement with Gold Coast Recources, Inc. ("Gold") for the purchase of a 100% interest in The Travel Agent"s Hotel Guide, Inc. ("TAHG"). Pursuant to the Stock Purchase Agreement, the Company issued a convertible debenture in the amount of #3,350,000 which bears interest at a rate of 7% per annum. The deventure may be converted in shares of common stock of the Company based upon the average bid price for the five days preceding the date the demand for conversion is made which may occur any time agter December 14, 2001. The Company also paid 20,000,000 shares of its common stock to an unrelated third party to guarantee payment under the terms of the debenture. In order for the Company to meet its obligations under the debenture the Company will need to either generate dufficient revenues to pay the 3,350,000 plus accrued interest or increase the number of authorized shares. For more information, see "Item 6. Management's Discussion and Analysis or Plan of Operation" |
