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Microcap & Penny Stocks : TELI - Better than Yellow Pages!! -- Ignore unavailable to you. Want to Upgrade?

To: r.edwards who wrote (22)	2/13/1998 9:47:00 AM
From: Brad	Read Replies (1) \| Respond to of 100

R. Edwards, According to the most recent 10-K, it looks like the Beta Test "screens" were at least partially (perhaps completely) included in previous funding... ------------------------------------------------ (Pages 53 & 54) In January 1997, the minority shareholder advanced additional funds totaling $93,000.0 In February 1997, the Company and the minority shareholder completed negotiations to convert the $343,000 of advances to common stock. The Company issued 675,680 shares of stock under Regulation S of the Securities Act of 1933 as repayment in full for such advances. On October 19, 1995, the Company sold and issued a total of 700,000 shares of the common stock for a total of $301,000. On December 15, 1995, the Company sold and issued a total of 135,000 shares of the common stock for a total of $101,250. The capital has been used to secure the components that will be used to produce TelliPhones for the Beta Test and to complete the TelliPhone software to manage the components in the working model. ------------------------------------------------------- (I'm still reading to see about costs to users and advertisers.) Best wishes, Brad