Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : CDN. MOMO PUPPIES -- Ignore unavailable to you. Want to Upgrade?

To: Lola who wrote (14035)	11/10/1999 1:12:00 AM
From: AL Berta	Read Replies (1) \| Respond to of 36688

Conceptis: From SEDAR: (a) Revenue recognition: (i) Sale of banners on Web sites: Revenues related to the sale of banners on Web sites under the control of the Corporation are recorded on the straight-line basis over the contract period. (ii) Web sites and CD-ROM production: Revenues related to the design and production of Web sites for the Internet and CD-ROM are recorded on the completed contract method. Losses are provided for when they become apparent. 6. Share capital (continued): Authorized share capital of the Corporation was modified to the description mentioned above. All outstanding shares were converted into common shares. During the year, the Corporation issued 3,850,000 common shares in exchange for a cash consideration of $1,000,750. In addition, the Corporation issued 50,000 common shares to its agent in exchange of corporate financing services which had a fair market value of $50,000. The Corporation is also committed to issue to its agent an additional 150,000 common shares in exchange for such services upon the earlier of the closing of an initial public offering and the closing of another financing with any other agent before April16, 2000. Finally, the Corporation received $249,250 in December 1998 and $257,400 during January 1999 for the subscription of 506,650 common shares to be issued after year-end. Wellllllll, assuming CC is "the agent" in question then they have agreed to payment for services in the amount of one quarter million dollars worth of shares (at a buck a piece) plus fees I should suppose. I shouldn't wonder how many of the $1.00 shares paid to the "agent" have been sold to "investors" for $4.00 each preceeding the IPO. BTW, I have searched both SEDAR and EDGAR and can find nothing referring to an IPO for this company. So far you's guys have been no help at all but I've still got high hopes that someone's going to come in with a whack of info. Cheerio, AL.