This is the 10-Q out on May 14,1999
biz.yahoo.com
sec.yahoo.com
unfortunately it is lengthy and hard to swallow for me.
I found two interesting points about the stock value,
(1)Stock Option - Effective January 18, 1999, the Board of Directors of the Company granted the Company's President and Chief Executive Officer an option to purchase 75,807 shares of Preferred Stock at an exercise price of $2.00 per share, which the Board of Directors believes approximates fair market value at the grant date. The stock option is exercisable immediately through December 23, 1999, and is subject to annual renewal if not terminated by the Board of Directors.
(2)STOCKHOLDERS' EQUITY
Common stock, $0.04 par value
Authorized - 300,000,000 shares
Issued and outstanding -
223,176,502 shares at December31, 1998
Equity- $23,987,768
Well, I am definitely not an expert in finance, any opinions on this dead stock? still hopes? |
