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Microcap & Penny Stocks : Composite Technology (CPTC) -- Ignore unavailable to you. Want to Upgrade?


To: Skywatcher who wrote (13)12/11/2005 7:20:28 PM
From: Savant  Read Replies (1) | Respond to of 203
 
Found this:
Benton Wilcoxon.
In consideration for Benton Wilcoxon pledging his personal
shares in Composite Technology Corporation as a guaranty for the Security
Agreement entered into by the Company with Cornell Capital Partners, the
Company issued a warrant to Benton Wilcoxon to purchase 65,000 shares of
common stock of the Company at an exercise price of $3.00 per share. The
warrant expires on March 23, 2008

Could be it's only a personal thing, but if there were to be a default, it could make the connection a three way street.
Best,
S.