Google Answers Logo
View Question
 
Q: Stock manipulations and unknown change in majority interest incompany. ( Answered,   0 Comments )
Question  
Subject: Stock manipulations and unknown change in majority interest incompany.
Category: Business and Money
Asked by: merlyn-ga
List Price: $200.00
Posted: 26 Sep 2003 17:05 PDT
Expires: 26 Oct 2003 16:05 PST
Question ID: 260633
The drug co Astra returned rughts of anti inflammitory or inflammation
and pain control to a co in France. What is that companys name?
2. Who are the major stockholders in Entropin at this time?
3.Does a group or entity have a controling interest not posted
4. Does Intropin inc   ETOP.OB have any relationship to these
transctions.
Answer  
Subject: Re: Stock manipulations and unknown change in majority interest incompany.
Answered By: pafalafa-ga on 26 Sep 2003 20:45 PDT
 
Hello Merlyn-ga,

Thank you for an intriguing question.  I have provided what I hope is
an extensive and complete answer to your question, below.  But if you
find additional information is needed, just let me know, and I'll be
glad to assist you further.

pafalafa-ga

----------------------


The drug co Astra returned rights of anti inflammitory or inflammation
and pain control to a co in France. What is that company’s name?


I believe the drug you are asking about is the anti-inflammatory drug
AZD3582, and the company in question is Nicox, with headquarters at
Sophia Antipolis (near Nice), France.  The company involved in the
licensing arrangement with Nicox, once known as Astra, is now called
AstraZeneca.

At the site below:

http://www.drugdevelopment-technology.com/projects/azd3582/

you can see the original 1998 press release announcing that Nicox
licensed AZD3582 to AstraZeneca:


AZD3582 COX-INHIBITING NITRIC OXIDE-DONATOR (CINOD) FOR RELIEF OF PAIN
AND INFLAMMATION

Developed by French pharmaceutical company NicOX S.A., AZD3582 is the
first in a new class of analgesic and anti-inflammatory drugs called
COX-inhibiting nitric oxide donators (CINODs). It is indicated for the
treatment of acute and chronic nociceptive pain, such as
post-operative and arthritic pain.

AstraZeneca has secured exclusive worldwide development and marketing
rights to AZD3582, which is nearing the end of phase II development...

------------------------------------------------------- 

At this link you can see news announced in 2002 of the reverse
licensing giving Nicox rights to market the same drug in Japan--note
there is also mention of potential stock irregularities involving
clinical trial results of the drug:

www.nicox.com/upload/ PDF-%20EnglishFinalyear-end%20results.pdf 


Exclusive agreement with AstraZeneca for the development of AZD3582 in
Japan

In September, NicOx signed an exclusive license with AstraZeneca for
the rights to develop and commercialise AZD3582 and other CINODs in
Japan. This license was an extension of the 1998 agreement between
NicOx and AstraZeneca, which granted AstraZeneca an exclusive
worldwide license (semi-exclusive in Japan) to develop, manufacture
and sell products containing certain CINODs. Under this agreement
NicOx received a € 5 million upfront payment and will receive 12%
royalties on net sales. AstraZeneca will make milestone payments to
NicOx totalling up to € 22 million.

Developments post year-end 

In February, together with its partner AstraZeneca, NicOx announced
that in a Phase II study with AZD3582, the primary endpoint of gastric
damage was not met, although the majority of secondary endpoints were
successfully achieved, including efficacy in pain and protection of
gastric damage when the number of lesions was combined with ulcers.
NicOx also announced that it had requested the full data file from
AstraZeneca in order to conduct a complete review and assessment by
its own specialists. NicOx requested an investigation by the French
securities commission, “Commission des Opérations de Bourses” into
share price movements for the period preceding the publication of the
press release on the Phase II results on 18thFebruary 2003


-------------------------------


2. Who are the major stockholders in Entropin at this time? 

According to various report files with the Securities and Exchange
Commission, along with information the Yahoo Finance site regarding
Entropin, here is the publicly available information on major
shareholders:


SEC form 13G, known as "A statement of beneficial ownership of common
stock by certain persons" is filed by all major shareholders of
publicly traded companies.  Three Schedule 13G's were filed on March
7, 2003 for:

------------------------------


 
Thomas T. Anderson...........1,394,093 shares....14% of 9.9 million
shares
    The shares held of record by Higgins D. Bailey, Chairman of the
Board of the Issuer, as security for a loan made by Dr. Bailey to the
Reporting Person.

------------------------------


 
Donald Hunter................525,600 shares.....5.3% of outstanding
shares

.............................435,500  (Sole Voting Power)(Note 1)
..............................90,100  (Shared Voting Power)(Note 2)

(1)  Includes 397,500 shares issuable upon the exercise of stock
options.
(2)  Includes 80,100 shares and 10,000 shares issuable upon the
conversion of Series B Preferred Stock held in the name of Deloras
Decker Hunter, the spouse of the Reporting Person, as Trustee of the
Deloras Decker Hunter Generation Skipping Trust.


------------------------------


Higgins D. Bailey............1,707,150 shares...17.2%

...............................418,057 (Sole voting power) (Note 1)
.............................1,289,093 (Shared voting power) (Note 2)



(1)  Includes 405,834 shares issuable upon the exercise of stock
options.
(2)  Shares owned in joint tenancy with Shirley A. Bailey the spouse
of the Reporting Person.


------------------------

[The same three parties also filed 13G's in 2002]



The 13G's, along with other SEC files for Entropin, are available at:

http://www.edgar-online.com/brand/yahoo/search/?cik=837600

------------------------

Company insiders who have traded shares of stock are listed at:

http://finance.yahoo.com/q/ir?s=ETOP.OB

and include:


BENJAMIN, WILSON S......Director.........owns 75,000 shares

KRISS, PATRICIA G.......CFO..............owns 10,250 shares

TACHOVSKY, THOMAS G.....President........owns 19,000 shares

If you go the above link, and click on the names of the listed
individual, you can see some additional information about recent
transactions.


------------------------

3.Does a group or entity have a controlling interest not posted 

Not that I can see.

As noted in the SEC 13G reports, the "Deloras Decker Hunter Generation
Skipping Trust" is holding shared rights to 90,100 shares, but other
than that, no "behind he scenes" ownership is apparent.

The 13G reports also account for about 36% of total outstanding
shares, along with another 1% held by insiders.  Presumably, the
remaining shares are held by smaller shareholders (and probably,
unhappy shareholders, given the stock's history) that are not required
to report to the SEC.


------------------------

4. Does Intropin inc   ETOP.OB have any relationship to these
transctions.

The stock now listed as ETOP.OB is Entropin, and is the same company
that was once listed on the NASDAQ as ETOP.

From the company's most recent SEC quarterly report, filed on August
13, 2003 (also available at the link of SEC reports that I gave
above), Entropin notes:

-----

WE WERE RECENTLY DELISTED FROM THE NASDAQ SMALLCAP MARKET. 


Effective June 26, 2003, our common stock and warrants were delisted
from the Nasdaq SmallCap Market for failure to comply with the $1.00
minimum bid price requirement. Our common stock and warrants now trade
on the OTC Bulletin Board under the symbols "ETOP" and "ETOPW,"
respectively. Trading on the OTC Bulletin Board could result in a less
liquid market available for existing and potential investors to trade
shares of our common stock and warrants and could ultimately further
depress the trading price of our common stock and warrants. In
addition, we may have more difficulty in raising necessary additional
funds as a result of not trading on the Nasdaq SmallCap Market.

-----

Stocks trading on the OTC bulletin board are ordinarily designated
with ".OB" extension by traders, so that Entropin's stock symbol
became ETOP.OB on June 26, 2003.  You can see a statement to this
effect at:

http://finance.yahoo.com/q/bc?s=etop

-----

Changed Ticker Symbol 

'etop' is no longer valid. It has changed to ETOP.OB.  

-----

I hope this is the information your were seeking, and that it fully
answers your question.

Bu as I said above, if anything here needs elaboration, please let
know by posting a Request for Clarification.  I will be glad to
continue working on this until the answer is completely meets your
needs.






search strategy:

search of Yahoo Finance site for:

Entropin
ETOP
ETOP.OB


search on Google for:

Entropin

Entropin France rights inflammatory

Request for Answer Clarification by merlyn-ga on 26 Sep 2003 22:36 PDT
how do we find out if a  holding co or trading house like Island
Archapeligo and I can't remember the  last name.

Clarification of Answer by pafalafa-ga on 27 Sep 2003 06:29 PDT
Hello again.

I have looked for additional sources of information on shareholders of
Entropin, and have found the following:


A class action shareholder suit has been filed against Entropin in the
Superior Court of California, County of Riverside.  The court's
website is:


http://www.co.riverside.ca.us/depts/courts/pubacc.htm


By clicking on "Court Case Information",  and then "Civil Case
Information", and then "Name Search", and then entering "Entropin"
where it says "Business", you will be taken to the case management
page for Case INC033760 - DEVENY VS ENTROPIN INC.

There are numerous documents and summaries of actions that identify
some key players in the case.

First of all, the plaintiffs in the case are disgruntled shareholders,
and are listed as:

1  Plaintiff  JOSEPH DEVENY   
2  Plaintiff  KENNETH LINHART     
3  Plaintiff  TIMOTHY CLIBY    
4  Plaintiff  THE SPANGENBERG FAMILY TRUST  


In addition, the following parties are listed as having been deposed
in the case.  While this does not necessarily mean they are
shareholders, they may well be, or may have other material involvement
with Entropin.  They are listed as:

OUT OF STATE DEPOSITION FOR NEIDIGER TUCKER BRUNER INC   
OUT OF STATE DEPOSITION FOR WESTPORT RESOURCES INVESTMENT SERVICES INC
OUT OF STATE DEPOSITION FOR SIMON WELCH 
OUT OF STATE DEPOSITION FOR THERAPEUTIC MANAGEMENT INC    
OUT OF STATE DEPOSITION FOR GLENMERE RESEARCH INC 
OUT OF STATE DEPOSITION FOR KENNETH CARTWRIGHT    
 


-------------------------

-------------------------

I also checked some additional SEC filings -- annual reports and proxy
statements -- that contained additional information about shareholders
of Entropin.  PLEASE NOTE THAT THESE REPORTS ARE, IN SOME CASES,
SEVERAL YEARS OLD...THEY ALMOST CERTAINLY DO NOT REFLECT CURRENT
HOLDINGS IN THE COMPANY.  I've excerpted information relevant to your
question, below (my apologies in advance if the tables do not
reproduce cleanly):

-------------------------

FORM 10-KSB -- annual report for year ending 12/31/99

    In March 1999, the Registrant conducted a private offering of its
10%
90-Day Promissory Notes, as amended (Note), convertible at the
election of
the note holders into shares of the Registrant's common stock, at
$2.00 per
share, to the following:

    Name                                Consideration     No. of
Warrants*
    ----                                -------------    
---------------

    J. Paul Consulting Corporation           $60,000           
210,000

    James Toot                               $30,000           
105,000

    Claudia McAdam                           $15,000            
52,500

                                  -12-
    GJM Trading Partners, Ltd.               $15,000            
52,500

    Great Expectations Family L.P.           $30,000           
105,000

    Bateman Dynasty                          $30,000           
105,000

    Cambridge Holdings, Ltd.                 $15,000            
52,500

    Underwood Family Partners                 $5,000            
17,500
                                              ------            
------
         Total                              $200,000           
700,000
                                            ========           
=======

     * Three and one-half warrants for each $1 of Promissory Notes
purchased, exercisable over a five year period from the date the
shares
become freely tradeable at $3.00 per share.

----------------------------------------

In April 1999, the Registrant issued the following shares of
Registrant's
common stock at $2.00 per share, in exchange for the surrender of its
10%
90-Day Convertible Promissory Notes, as amended (Notes), and the
unpaid
accrued interest on such Notes:

                                     Principal Amount of Note
                                     ------------------------
Name                                      plus Interest     No. of
Shares
----                                     --------------    
-------------


J. Paul Consulting Corporation               $60,500            
30,250

James Toot                                   $30,250            
15,125

Claudia McAdam                               $15,124             
7,562

GJM Trading Partners, Ltd.                   $15,124             
7,562

Great Expectations Family L.P.               $30,250            
15,125

Bateman Dynasty                              $30,250            
15,125

                                  -13-
                                     Principal Amount of Note
                                     ------------------------
Name                                      plus Interest     No. of
Shares
----                                     --------------    
-------------

Cambridge Holdings, Ltd.                     $15,124             
7,562

Underwood Family Partners                     $5,040             
2,520
                                              ------             
-----

     Total                                  $201,662           
100,831
                                             =======           
=======

-------------------------------------------

                      April 1999 Private Placement
                      ----------------------------

Name                                      Consideration     No. of
Shares
----                                      -------------    
-------------

Deloras Decker Hunter, Trustee               $50,000            
25,000

W. Douglas Moreland                          $40,000            
20,000

L. Michael Underwood                         $15,000             
7,500

Gladys F. Decker, Trustee                    $23,000            
11,500

Paul C. and Carol A. Rivello                 $14,000             
7,000

Max Gould                                    $15,000             
7,500

John J. Turk, Jr.                            $10,000             
5,000

Myron A. Leon                                $20,000            
10,000

Michael J. Kirby                             $10,000             
5,000

Kenton Roy Holden IRA                        $10,000             
5,000

                                  -14-
Name                                      Consideration     No. of
Shares
----                                      -------------    
-------------

Inverness Investment Profit Sharing Plan     $15,000             
7,500

Bleu Ridge Consultants Profit                $10,000             
5,000

Danny Yu Defined Benefit Pension Plan        $18,000             
9,000

Gulfstream Financial Partners, LLC           $15,000             
7,500

Frank J. Kostro                              $15,000             
7,500

Samuel F. Trussell                           $20,000            
10,000

David M. Chapman                             $20,000            
10,000

Richard F. and Barbara A. Vandresser         $10,000             
5,000

Charles C. Bruner                             $6,500             
3,250

Anthony B. Petrelli                           $6,500             
3,250

Eugene L. Neidiger                            $7,000             
3,500

Heather Evans                                 $2,000             
1,000

Steve Schulz Defined Benefit Trust           $25,000            
12,500

Nancy Nita Macy, Trustee                     $40,000            
20,000

William E. Ambrose                           $10,000             
5,000

C. Richard and Johanna W. Harrison           $10,000             
5,000

Business Development Corporation             $10,000             
5,000

Nanna B. Schov Custodian for
Davie Mork and Andreas B. Mork                $8,000             
4,000

Barry A. Bates                               $15,000             
7,500

Thomas A. Forti, DDS                         $25,000            
12,500

Brad Rhodes                                  $10,000             
5,000

Ronald Glosser                               $20,000            
10,000

Brian P. and Cheri Bertelsen                 $10,000             
5,000

Jeanette Y. Mihaly                           $10,000             
5,000

Benedetto Casale                             $20,000            
10,000

                                  -15-
Name                                      Consideration     No. of
Shares
----                                      -------------    
-------------

Colin David Rickson                          $10,000             
5,000

Arthur Kassoff                               $16,000             
8,000

Michael O'Hare                               $10,000             
5,000

Arianne Nemelka                              $30,000            
15,000

Boulder Family Partnership, Ltd.             $50,000            
25,000

Carla Johnson                                $10,000             
5,000

Patrick N. Kephart                            $5,000             
2,500

Dale Duncan                                  $15,000             
7,500

Len Rothstein                                $15,000             
7,500

Abdallah E. Ghusn                            $12,000             
6,000

Leona Connelly                               $10,000             
5,000

Albert W. White                              $10,000             
5,000

David L. Gertz                               $10,000             
5,000

Gregory Pusey                                $10,000             
5,000

Jill Pusey, Custodian for
Jacqueline Pusey                              $5,000             
2,500

Jill Pusey, Custodian for
Christopher Pusey                             $5,000             
2,500

Cambridge Holdings, Ltd.                     $50,000            
25,000

Arthur Marsh Lavenue                          10,000             
5,000

Paul Ernst                                    30,000            
15,000

Sharon M. McDonald                            30,000            
15,000

Douglas L. Ray                                 8,000             
4,000

Scott Deitler                                 10,000             
5,000

Michael P. Noonan                             15,000             
7,500

Russell L. Davis Profit Sharing Plan          20,000            
10,000

Cardiovascular Associates, PC
FBO L. Lockspeiser, M.D.                      10,000             
5,000

                                  -16-
Name                                      Consideration     No. of
Shares
----                                      -------------    
-------------

Charles Kirby                                 24,000            
12,000
                                              ------            
------

TOTAL                                       $995,000           
497,500
                                             =======           
=======


     The offers and sales set forth above were made in reliance upon
the
exemption from registration provided by Section 4(2) of the 1933 Act
and/or
Regulation D and Rule 506 adopted thereunder.  Based upon information
known
to the Registrant, and representations made by each of the purchasers,
the
Registrant believes that all of the purchasers were Accredited
Investors as
that term is defined in Rule 501 of Regulation D.  No broker/dealers
were
involved in the sale and no commissions were paid.  All of such
purchasers
represented that they purchased the securities for investment, and all
certificates issued to the purchasers were impressed with a
restrictive
legend advising that the shares represented by the certificates may
not be
sold, transferred, pledged or hypothecated without having first been
registered or the availability of an exemption from registration
established.  Stop transfer instructions have been placed against the
transfer of these certificates by the Registrant's Transfer Agent.

-------------------------------

                      June 1999 Private Placement
                       ---------------------------

Name                                      Consideration     No. of
Shares
----                                      -------------    
-------------

Torben Maersk                               $ 10,000             
2,500

James M. Love                                 50,000            
12,500

Al-Houda Hotels & Tourism                    150,000            
37,500

Concorde Bank Limited                         50,000            
12,500

Bobzin Dieter                                 40,000            
10,000

                                  -17-
Name                                      Consideration     No. of
Shares
----                                      -------------    
-------------

Carlos Goncalves                              50,000            
12,500

Tectron-Industria de Productos               100,000            
25,000
Electronicos, LDA

Jean Paul Desbrueres                          30,000             
7,500

Wilhelm Giersten                              20,000             
5,000

Dany Noujeim                                   2,000               
500

Goran Gustafson                               10,000             
2,500

Lars Kellman                                  10,000             
2,500

Gert Kristensson                              20,000             
5,000

Sune Persson                                  20,000             
5,000

Johanna Brassert                              25,000             
6,250

Asuno, Inc.                                  300,000            
75,000

Henri Jacob                                   26,000             
6,500

Sylvie Lapidouse                              40,000            
10,000

Ernst Schneider                               50,000            
12,500

Kurt Marty                                    25,000             
6,250

Helaba Schweiz                                45,000            
11,250

Jean-Pierre Delaloye                          24,000             
6,000

Coutts Bank LTD                               24,000             
6,000

Etoile Limited                                24,000             
6,000

Fondation Brigar                              24,000             
6,000

Galba Anstalt                                 50,000            
12,500
                                              ------            
------

TOTAL                                     $1,219,000           
304,750
                                          ==========           
=======

     The Company claims the exemption from registration provided by
Section
4(2) of the Securities Act of 1933, as amended, and/or Rule 506 of
Regulation D adopted thereunder for the transactions described above. 
All
of the purchasers were either known to the Registrant, or were
referred to
the Registrant by a consultant to the Company. Based upon the written
representations

---------------------------------------

                   September 1999 Private Placement
                    --------------------------------


Name                                      Consideration     No. of
Shares
----                                      -------------    
-------------

Metz Family Trust                             $4,000             
1,000
John R. Metz and Theresa G. Metz, TTEE

Sunbelt Holdings, Inc.                        60,000            
15,000
Dennis D. French

MRI, Inc.                                     20,000             
5,000
Profit Sharing Plan
Dennis D. French

Barry Seidman                                100,000            
25,000

James G. Stevens                              20,000             
5,000
Jana C. Stevens

Edward Jones Custodian FBO                     2,000               
500
Sharon Witaker Roth IRA

Edward Jones, Custodian FBO                   10,200             
2,550
Ernest Handelin Roth IRA

Edward Jones, Custodian FBO                    6,000             
1,500
Carl Hendelin Roth IRA

                                  -21-
Name                                      Consideration     No. of
Shares
----                                      -------------    
-------------

Edward Jones, Custodian FBO                    5,800             
1,450
Kathleen Rounds Roth IRA

Edward Jones,Custodian FBO                     5,800             
1,450
Gary Handelin Roth IRA

Edward Jones, Custodian FBO                    9,800             
2,450
Alan E. Handelin Roth IRA

Leslie Rounds and Kathleen Rounds              4,000             
1,000
Husband and Wife, JT

Ralph L. Fuentes and Diana C. Fuentes          3,000               
750
Husband and Wife, Community Property

Alan E. Handelin                               4,000             
1,000

Ernest E. Handelin                            73,000            
18,250

Joseph P. Sperty                               8,000             
2,000
Karen H. Sperty

David M. Chapman                              20,000             
5,000

Danny Yu Defined Benefit Pension Plan         50,000            
12,500

Russell L. Davis, Trustee of the              20,000             
5,000
Davis Family Trust

Russell L. Davis, Trustee FBO                 20,000             
5,000
Russell L. Davis Attorney at Law
Profit Sharing Plan

Sylvia E. Davis, Trustee                      20,000             
5,000
Of the Sylvia E. Davis Trust

Danny Yu and Nancy Yu, Trustees               20,000             
5,000
Yu Family Living Trust

Audrey Spangenberg                            20,000             
5,000

William H. Golod                               8,000             
2,000
Marsha B. Golod

Samuel F. Trussell                            20,000             
5,000

                                  -22-
Name                                      Consideration     No. of
Shares
----                                      -------------    
-------------

John and Donna Bruce 1996 Living Trust         5,000             
1,250

Anders Johnson                                 2,000               
500

Mikael E. Ibsen                                8,000             
2,000

Mohamed Ali Khawas                            30,000             
7,500
Malisco Switch Great Ind.

Torben Maersk                                 10,000             
2,500

ATO Ram 2 Ltd.                               100,000            
25,000

ATO Ram 2 Ltd.                               150,000            
37,500

Staffan Lindskog                               1,000               
250

Tawfig S. Mohammed                            20,000             
5,000

Wilheim Giersten                              60,000            
15,000

Dany Novjeim                                   2,000               
500

Goram Gustafsson                              10,000             
2,500

Edouard Rabbat                                 2,000               
500
Riyadh Exhibitions Co. Ltd.

Salah Abdullah Dashti                         50,000            
12,500

Michael C. Saunders                            6,000             
1,500

Jean Paul Desbrueres                          20,000             
5,000

Mohammed Al-Nussif                             1,200               
300

Mahmound Mohammed Abileh                     200,000            
50,000

Amir Salim Huneidi                           100,000            
25,000

Henrik Boyander                                4,000             
1,000

Raghib Zuberi                                  5,000             
1,250
Yamama-Al-Kuwait

Steen Thomsen                                  4,000             
1,000

Carlos Goncalves                              50,000            
12,500

                                  -23-
Name                                      Consideration     No. of
Shares
----                                      -------------    
-------------

Robert and Joanne Penner, Trustees            20,000             
5,000
of the Penner Family Trust

Anders Jonson                                  2,000               
500

Thomas M. Lyvers, Sr.                         10,000             
2,500
Brenda R. Lyvers

Charles Kirby                                 50,000            
12,500

Heather M. Evans                              10,000             
2,500

David S. Haydan                               20,000             
5,000
Shirley C. Haydan

Direct Diamonds and 
  Gold Exchange, Inc.                         20,000             
5,000

Len Rothstein                                 20,000             
5,000

Richard D. Reinisch and                       40,000            
10,000
   Grace A. Reinish

David A. Zallar                               20,000             
5,000

Christopher A. Marlett Living Trust           20,000             
5,000

David A. Zallar                               20,000             
5,000
                                              ------             
-----

Total                                     $1,625,800           
406,450
                                          ==========           
=======


     The Company claims the exemption from registration provided by
Section
4(2) of the Securities Act of 1933, as amended, and/or Rule 506 of
Regulation D adopted thereunder for the transactions described above. 
All
of the purchasers were either known to the Registrant, or were
referred to
the Registrant by a consultant to the Company. Based upon the written
representations made by the purchasers and other information known to
the
Registrant, the Registrant believes all of the purchasers were
Accredited
Investors as that term is defined in Rule 501 of Regulation D.  All
purchasers represented that they purchased the securities for
investment,
and all certificates issued to the purchasers were impressed with a
restrictive legend advising that the shares represented by
certificates may
not be sold, transferred, pledged or hypothecated without having first
been
registered or the availability of an exemption from registration
established.  Stop transfer instructions have been placed against the
transfer of these certificates by the Registrant's Transfer Agent.  No
brokers or dealers received compensation in connection with the sale
of
these shares.

--------------------------------------

In November 1999, as partial consideration for consulting services,
the Registrant issued ATO Ram 2, Ltd. a warrant to purchase up to
30,000
shares of the Registrant's common stock, exercisable at $4.00 per
share for
five years.

-----------------------------------------

In March 2000, we entered into an agreement with Neidiger, Tucker,
Bruner, Inc. to cancel a 101,681 share stock warrant agreement, for
which
we agreed to pay $330,000 cash as consideration.

----------------------------------------
----------------------------------------


The company's Proxy statement for May 2002 contained additional
information:

SCHEDULE 14A INFORMATION

Beneficial Owners ....# or shares...% of shares
 
Higgins D. Bailey     1,657,150  (1)  13.86  
Wilson S. Benjamin       93,334  (2)  0.78  
Randall L. Carpenter     21,334  (3)  0.18  
Joseph R. Ianelli        80,834  (4)  0.68  
Patricia G. Kriss        37,675  (5)  0.32  
Paul V. Maier            26,003  (3)  0.22  
Bruce R. Manning         16,667  (4)  0.14  
Dennis K. Metzler        10,000  (6)  0.08  
Thomas G. Tachovsky     109,200  (7)  0.91  
Thomas T. Anderson     1,349,693     11.29  
Donald Hunter           642,758  (8)  5.37  
James E. Wynn           511,085  (9)  4.27  

All current directors 
and executive officers 
as a group (9 persons)  2,052,197     17.16  


--------------------------------------------------------------------------------

(1) Includes 1,289,093 shares owned in joint tenancy with Shirley A.
Bailey, the spouse of Dr. Bailey, and 345,834 shares that are issuable
upon exercise of stock options.


(2) Includes 50,000 shares owned indirectly by ATO Ram 2, Ltd. of
which Mr. Benjamin is partner and 43,334 shares that are issuable upon
exercise of stock options.


(3) Includes 20,000 shares issuable upon exercise of stock options. 


(4) Represents shares issuable upon exercise of stock options. 


(5) Includes 1,300 shares held by Ms. Kriss, 800 shares held in the
Ronald F. Kriss IRA, 1,075 shares owned jointly by Ronald F. Kriss and
Patricia G. Kriss, and 34,500 shares issuable upon exercise of stock
options. Does not include 95,000 shares issuable upon exercise of
stock options which are not vested. Ronald F. Kriss is the husband of
Ms. Kriss.


(6) Includes 5,000 shares issuable upon exercise of stock options. 


(7) Includes 103,200 shares issuable upon exercise of stock options.
Does not include 400,000 shares issuable upon exercise of stock
options which are not vested.


(8) Information is based upon public documents. Includes 43,900 shares
are held in the name of Deloras Decker Hunter, trustee of the Deloras
Decker Hunter Generation Skipping Trust and 80,000 held directly by
Mr. Hunter. Deloras Decker Hunter is the spouse of Mr. Hunter and Mr.
Hunter may be deemed to have voting control over these 43,900 shares.
Also includes 457,500 shares that are issuable upon exercise of stock
options.


(9) Information is based upon public documents and information
provided to the Company prior to Dr. Wynn's resignation. Of these
shares, 401,085 shares are owned in joint tenancy with Joyce Wynn, the
spouse of Dr. Wynn, 45,000 shares are held solely by Joyce Wynn, and
65,000 shares are issuable upon exercise of stock options.

--------------------------------------------------
--------------------------------------------------

I hope this additional information is useful to you.  I'm afraid there
is no mention of "Island,
Archapeligo" or any similar groups.  As far as I know, these are
trading houses where stocks are bought and sold, but are not
themselves owners of actual shares of stock.

Let me know if you need any further clarification or more information.

pafalafa-ga

Request for Answer Clarification by merlyn-ga on 27 Sep 2003 08:31 PDT
What a kettle of fish. You will be a source for me forever. It would
have been impossible for me to get that information. Thanks  grade
A+++

Clarification of Answer by pafalafa-ga on 27 Sep 2003 14:21 PDT
I'm glad this was what you needed, and I hope well see you back here
at Google Answers one of these days.

Feel free to use the "Ratings" button to formally rate this answer, if
the spirit moves you.

Cheers,

paf
Comments  
There are no comments at this time.

Important Disclaimer: Answers and comments provided on Google Answers are general information, and are not intended to substitute for informed professional medical, psychiatric, psychological, tax, legal, investment, accounting, or other professional advice. Google does not endorse, and expressly disclaims liability for any product, manufacturer, distributor, service or service provider mentioned or any opinion expressed in answers or comments. Please read carefully the Google Answers Terms of Service.

If you feel that you have found inappropriate content, please let us know by emailing us at answers-support@google.com with the question ID listed above. Thank you.
Search Google Answers for
Google Answers  


Google Home - Answers FAQ - Terms of Service - Privacy Policy