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Microcap & Penny Stocks : AREE - Formerly TVSI

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To: Angel D who wrote (5258)5/27/1999 1:42:00 PM
From: Tommy Hicks  Read Replies (1) of 6528
 
Do you have anything recent?

As a matter of fact I do.

During the 3 months that ended March 31, 99

4,625,000 shares issued to the CEO a for unpaid and accrued salary/management fees

937,500 shares issued to the CFO for unpaid and accrued salary/management fees

1.5 million shares issued to the General Manager of Aggression Sports

200,000 shares issued to a departing employee as severance pay

1,000,000 shares issued during the period to the Company's bookkeeper/accountant in Omaha Nebraska for services rendered during previous periods

21,136,842 shares issued on conversion of Class B Preferred Stock

8,500,000 shares issued in a private placement

Preferred stock

3,000 shares or $30,000 in face value of Class A Preferred shares were issued to the Company's CEO and CFO in payment of deferred
salary.

As of May 21, '99 there were 274,615,516 shares issued. Current management certainly hasn't slowed down cranking out the shares. I suppose it's addicting. It's like having your own money machine.

th
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