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To: Mighty_Mezz who wrote (1716)6/11/1999 10:11:00 AM
From: makin_dough99  Respond to of 1836
 
At least the Pfds. get some (?) common shares as a dividend.

(3) DIVIDEND ON SERIES A PREFERRED STOCK
For the three months ended September 30, 1998 and December 31, 1998, the
Company issued shares of its Common Stock at a combined market value equivalent
to $212,000, representing the $106,250 quarterly dividend required to be paid on
the Series A Preferred Stock for each of the quarters ended September 30, 1998
and December 31, 1998. For the three months ended March 31, 1999, the Company
will issue shares of its Common Stock at a market value equivalent to $106,250
for the quarterly dividend required to be paid on the Series A Preferred Stock.