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Microcap & Penny Stocks : JAWS Technologies - NASDAQ (NM):JAWZ -- Ignore unavailable to you. Want to Upgrade?

To: Senator949 who wrote (1322)	12/2/1998 9:35:00 PM
From: Andras	Read Replies (2) \| Respond to of 3086

Is this a promotion or what? 4,000,000 shares issued in 1997 at 1.5 cents a share? 1. Offering Memorandum dated February 14, 1997 with a Sticker Update dated April 1,1997 pursuant to which the Company sold 4,000,000 shares of Common Stock at $.015 per share for an aggregate investment of $60,000. The Offering was made pursuant to an exemption provided by Rule 504 of Regulation D promulgated under the Securities Act of 1933, as amended (the "Act"). The sale of shares was to 14 investors in the state of Nevada and 27 additional investors, all of which purchases took place outside the United States. Virtually no revenues as of June 30, 1998 Revenue $ 1,938 $ -- Expenses $1,593,871 $ 136,854 Net loss for the period $1,591,933 $ 136,854 Top management and outside directors getting nearly a $1 million a year in salaries. This is a penny stock? Annual Compensation Compensation ---------------------------------------- ------------ SECURITIES OTHER UNDERLYING ANNUAL OPTIONS ALL OTHER NAME AND SALARY BONUS COMPENSATION GRANTED COMPENSATION PRINCIPAL POSITION PERIOD ENDED ($) ($) ($) (#) ($) ----------------------------------------------------------------------------------------------------- <S> <C> <C> <C> <C> <C> <C> Chief Executive 1998 261,000 CDN$ Nil Nil 350,000 CDN$ Officer Robert Kubbernus Vice-President 1998 87,000 CDN$ Nil Nil 250,000 CDN$ Cameron Chell Director 1998 87,000 CDN$ Nil Nil 200,000 CDN$ Julia Johnson Director 1998 87,000 CDN$ Nil Nil 200,000 CDN$ Arthur Wong VP, Sales & 1998 100,000 CDN$ Nil Nil 110,000 CDN$ Marketing Mitch Tarr VP, Operation 1998 45,000 CDN$ Nil Nil 49,500 CDN$ Vera Gmitter VP, Technology 1998 80,000 CDN$ Nil Nil 88,000 CDN$ Tej Minhas ==================================================================================================== </TABLE> -24- <PAGE> 25 <TABLE> <CAPTION> ===================================================================================================== Long Term Annual Compensation Compensation ---------------------------------------- ------------ SECURITIES OTHER UNDERLYING ANNUAL OPTIONS ALL OTHER NAME AND SALARY BONUS COMPENSATION GRANTED COMPENSATION PRINCIPAL POSITION PERIOD ENDED ($) ($) ($) (#) ($) ----------------------------------------------------------------------------------------------------- <S> <C> <C> <C> <C> <C> <C> VP, Channel Sales 1998 90,000 CDN$ Nil Nil 110,000 CDN$ Garry Leitch Options at a discount of 23% of the LOWEST PRICE DURING THE PREVIOUS 10 DAYS. Happy investing, Andras