Post by
daviking on Jul 03, 2006 9:29pm
Can I do business with this company??
"On June 30, 2006, the Registrant completed a private placement of 3,750,000 shares to two accredited investors in consideration for settling certain debts owed to the investors in the aggregate amount of $137,000. In addition, the Registrant also issued 325,000 shares to one of the investors in satisfaction of services valued at $65,000 that had been provided by the investor."
Wow , that's 3 cents a share! not a bad deal!!!!!!
Wonder if they are restricted shares? That's a lot of shares going to hit the market!