NVEI - They give out shares like candy
from the latest 10Q
freeedgar.com
COMMON STOCK ISSUANCES
- During the Year Ended October 31, 1999:
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For the period from November 1, 1998 to October 31,
1999, the Company issued 1,849,592 shares of common
stock at prices ranging from $.08 to $1.64 per share,
totalling $610,062.
On December 15, 1998, the Company issued 25,000
shares of common stock at $.16 for professional
services totalling $4,000.
On December 28, 1998, the Company issued 250,000
shares of common stock at $.20 in settlement of debt
totalling $50,000.
On July 23, 1999, the Company issued 625,000 shares
of common stock at $.16 for professional services
totalling $100,000.
During August 1999, the Company issued 574,161 shares
of common stock between $.20 and $4.00 for
professional services totalling $123,686.
On August 13, 1999, the Company issued 93,750 shares
of common stock at $1.00 for director fees totalling
$93,750.
On August 20, 1999, the Company issued 182,322 shares
of common stock between $1.12 and $1.40 in settlement
of debt totalling $207,250.
During September 1999, the Company issued 98,875
shares of common stock between $.48 and $2.00 in
settlement of debt totalling $91,625.
During September 1999, the Company issued 433,817
shares of common stock between $1.40 and $2.00 for
professional services totalling $610,062.
On September 27, 1999, the Company issued 125,000
shares of common stock at $1.40 for consulting fees
totalling $175,000.
- During the Nine Months Ended July 31, 2000:
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During the three months ended January 31, 2000, the
Company sold 177,463 shares of common stock for
$211,909.
During the three months ended January 31, 2000, the
Company issued 29,765 shares of common stock between
$1.00 and $1.40 for consulting services totalling
$34,050.
During the three months ended January 31, 2000, the
Company issued 12,500 shares of common stock valued
at $4.00 per share for the acquisition of Impact
Pictures, Inc.
On February 17, 2000, the Company issued 3,000,000
shares of common stock valued at $2.00 per share for
the acquisition of New Wheel Technology, Inc.
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In connection with the acquisition of New Wheel, the
Company entered into an agreement with lenders to
provide loans of up to $1.5 million. As consideration
for these loans and other services under the
agreement, the Company issued 1,500,000 shares of its
common stock to the lenders. The Company has valued
the stock at $3,000,000 to be amortized over the life
of the debt instrument. As of April 30, 2000, the
Company had not received proceeds under the debt
financing. Accordingly, the Company has classified
the $3,000,000 as unearned financing costs in
stockholders" equity as of April 30, 2000. During the
quarter ended July 31, 2000, the Company began to
draw money down from the credit facilities.
Accordingly, the Company at such time, began to
amortize the unearned financing costs over the
three-year period ended April of 2003.
On March 17, 2000, the Company issued 1,250 shares at
$2.80 for a signing bonus to an employee.
During March 2000, the Company issued 154,090 shares
of common stock between $1.40 and $12.00 for
consulting and professional services totalling
$388,329.
During April 2000, the Company issued 1,005,725
shares of common stock between $1.20 and $2.00 for
professional services totalling $1,422,900.
During the quarter ended April 2000, the Company sold
278,699 shares of common stock for $1,318,079.
During the quarter ended July 31, 2000, the Company
sold 314,832 shares of common stock for $1,064,400.
During the quarter ended July 31, 2000, the Company
issued 109,000 shares of common stock between $3.00
and $7.88 for consulting and professional services
totalling $619,650.
On June 12, 2000, 68,750 warrants were exercised at
$2.40 per share totalling $165,000. |
