Thursday, March 01, 2007 8:18:43 PM
11/2005 - Axial Vector Engine Corporation; In.. 10Q November 2005, the Company entered into a business consulting agreement with Redwood Consultants L.L.C. Redwood is to provide consulting services for a period of 12 months to the Company. As part of this agreement, the Company issued 50,000 restricted shares with an additional 50,000 shares to be issued March 9, 2006 and July 9, 2006. All 150,000 were issued at commencement of the agreement and have been recorded as a prepaid asset on a prorata basis. In addition, the company has granted warrants to purchase 250,000 shares at $4.00 per share which expire November 2007.
($3.40 to $4.80) (3 months)
Long
($3.40 to $4.80) (3 months)
Long
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