New Summary.
My previous post did not include the existing shares and options and I am now including these:
Shares: 56.33 mill. +0.55 mill. in escrow.
Add 4 mill shares to Ireland to raise $3.12 mill. cash.
Options:
7 mill to pay 50 cents on 31/12/03 or a total of $3.5 mill.
0.2 mill +10 mill to pay $1 on 31/12/04 or $ 10.2 mill.
2 mill to pay 50 cents on 31/12/04 or a total of $1 mil.
4.75 mill options to pay $8.062 mill on 31/12/05
0.625 mill to pay $1 on 28 July 2009 , total $0.625 mill.
0.935 mill. to pay 50 cents on 28 July 2009, tot. $0.468 mill.
+++++++++++++++++++++++++++
Totals:
Shares: 60.88 mill.
Options: 23.95 mill to convert on/ before 31/12/2005
1.56 mill to convert on/before 28 July 2009.
Subject to audit.
Gerry Stolwyk
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