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Microcap & Penny Stocks : USXX IS UP @.34 CENTS WITH 400,000 SHARES TODAY!! -- Ignore unavailable to you. Want to Upgrade?

To: Ditchdigger who wrote (126)	2/15/1998 8:23:00 AM
From: Ditchdigger	Read Replies (1) \| Respond to of 348

Talking to myself again<vbg>, Question,is it coincidence that so much of the recent financing(the last year) was placed with "individuals" I mentioned in my previous post,as well as "individuals" for the Reg S debs. and the Reg S warrant placement. Are all these people friends of the company? Is there info accessable to us about these entities? Are they firm in their holdings?(some have made tremendous profits in a very short period of time). Don't get me wrong, this is an interesting twist IMO. If these people hold firm, the trading float(shares not held firm-the slack definition of the term<g>)will be reduced in percentage to the outstanding..To the betterment of all(IMO).(we know or hope 55% is already strong<g> before any more conversions.) As long as the price can maintain these levels-conversion should'nt hurt to badly,regardless.. "ITEM 9. SALES OF EQUITY SECURITIES PURSUANT TO REGULATION S. On January 12, 1998, U.S. Technologies Inc., a Delaware corporation (the "Company") received funds from the sale of four 4% Convertible Debentures in the principal amounts of $100,000, $75,000, $50,000, $50,000 to the following individuals or entities: Joseph Schonkopf, Lampton Holding & Trading, Inc., Futuristic Securities and Onn Sithawalla, all of which are either individuals who are residents of countries other than the United States or entities organized under the laws of jurisdictions other than the United States. The debentures shall hereinafter be collectively referred to as the "Debentures." In addition, the Company issued a total of 275,000 warrants (the "Warrants") to purchase shares of the Company's common stock, $.02 par value per share (the "Common Stock") to non-U.S. Persons. The Warrants were distributed as follows: 137,500 to GEM Management, Ltd., a corporation organized under the laws of the Jersey Channel Islands, and 137,500 to Ms. Kalpana Anant Joshi, a resident of India. The Debentures and the Warrants were issued to non-U.S. Persons with the assistance of GEM Advisors, Inc. acting as a placement agent. The consideration received by the Company for the Debentures and the Warrants was $275,000 in cash, less certain expenses, including payments of $2,500 in fees to the escrow agent and 10% of the aggregate proceeds to GEM Advisors, Inc. as compensation for its services as placement agent." Please give me info I can't find in the filings(Ron thanks for your recent post). I'm not ready to call the company yet,still studying.Thanks,DD