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Technology Stocks : CSGI ...READY FOR TAKE-OFF! -- Ignore unavailable to you. Want to Upgrade?


To: tech who wrote (2194)1/16/1998 2:34:00 PM
From: angel  Read Replies (1) | Respond to of 3391
 
"On November 10, 1997, the Company issued to a consultant of the Company warrants to purchase an aggregate of 100,000 shares of Common Stock at an exercise price of $5.00 per share. The warrants were issued to the consultant in consideration of services rendered to the Company. The sale of these warrants was exempt from registration under Section 5 of the Act, pursuant to Section 4(2) of the Act and the rules and regulations thereunder. The facts relied upon by the issuer were as follows: the consultant is an "accredited investor," within the meaning of Rule 501 under the Act; the warrants were not offered or sold my means of any general solicitation or advertising; the consultant is sophisticated about business and financial matters and knowledgeable about the
Company and its prospects; and the issuer took reasonable steps to assure that the consultant was not an underwriter within the meaning of Section 2(11) under the Act."

This consultant keeps appearing in all the different filings. Who is this person and what does he do to keep getting warrants to purchase so many shares?