wir sehen uns den Kurs morgen gar nicht erst an.Die Ami's sind auch recht sauer.
On October 9, 2007, the Company, pursuant to an Employment Agreement with Mr. Michael Mak (See Form 8-K filed with the Commission on October 30, 2006), has issued Mr. Mak Five Hundred Thousand (500,000) Shares of Series A Convertible Preferred Stock (“Series A Shares”).
On October 9, 2007, the Company received a written notice from Mr. Mak indicating that he intends to convert One Hundred Thousand (100,000) Shares of his Series A Shares into Twenty Million (20,000,000) 144 Restricted Shares of Common Stock.
On October 9, 2007, the Company authorized the conversion of the specified number of shares for conversion and sent a request to the Company’s Transfer Agent, through the Company’s Corporate Counsel, to convert One Hundred Thousand (100,000) Shares of Mr. Mak’s Series A Preferred into Twenty Million (20,000,000) 144 Restricted Shares of Common Stock.
The conversion took place on October 10, 2007.
Item 9.01. Financial Statements and Exhibits
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