Not really
TPEG
On February 4, 1999, the Company announced that it made an
initial investment in flowersandgifts.com, a storefront on the Internet to sell flowers and
gifts. The Company has executed an agreement with flowersandgifts.com to acquire up to
$1,000,000 of common stock in the aggregate, subject to certain conditions. The initial
investment was $200,000 for 100,000 shares, representing approximately 2% of the
outstanding common stock of flowersandgifts.com. Additionally, the Company has the right
to purchase up to an additional $1,000,000 in common stock of flowersandgifts.com at a
price of $2.10 per share. The Company then invested the sum of $100,000 for an additional
50,000 shares of the common stock. |
