To: jhild who wrote (3446 ) 9/3/1998 12:24:00 PM From: zonkie Respond to of 26163
How has AZNT reimbursed the people that they owed money to in the past? The Company has issued shares of its common stock for the following business purposes. (A) Issued 600,000 Shares of Restricted Common Stock, to an Officer for services valued at $600 ($.001 per share). (B) Issued 50,000 Shares of Tradeable Stock to Legal Counsel for services valued at $10,000 ($.20 per share). (C) Issued 5,000,000 Shares of Restricted Common Stock to a privately held Nevada Corporation to obtain license and trademarks for products produced from materials found in the Amazon Rain Forest ($.001 per share). (D) Issued 1,260,360 Shares of Restricted Stock to an Officer in satisfaction of $6,302 in debt ($.005 per share). (E) Issued 800,000 Shares of Restricted Common Stock to an Officer in satisfaction of debt of $8,000 ($.01 per share). (F) Issued 10,000,000 Shares of Restricted Common Stock to an Officer in satisfaction of $53,000 in debt ($.0053 per share). (G) Issued 500,000 Shares of Restricted Common Stock for cash of $25,000 ($.05 per share). (H) Issued 54,000 shares of its Restricted Common Stock to an Officer for cash of $27,000 ($.50 per share). I wonder if there will be any dilution from these or will they be paid off with part of the 50 million dollars they are going to make this year? >>> The Company has ten individual long term notes, totaling $40,000, each bearing interest at 8% and maturing between April 1, 1998 to October 1, 1998.The notes are payable to a Corporation controlled by Company Officers.<<<< Would you like to get 1,260,360 shares by loaning the company $6302? Is this the best terms their own officers will give the company? Does this look like they have their shareholders best interests at heart? Maybe Cav was right about them not being very street smart. lol...sombody isn't! zonkie.....