Tuesday, March 20, 2007 8:12:49 AM
1st Q 2006 - Wits Basin Precious Minerals Inc.
March 16th PR is start date.. found 1st PR on 3/16/06....
then this
10Q 1st Q 2006
During the three months ended March 31, 2006, we entered into various consulting agreements and issued (i) 1,000,000 shares of our common stock (valued at $200,000 based on an average five day closing sale price of our common stock) as compensation for management services to a consultant, (ii) 150,000 two-year warrants exercisable at $0.25 per share (valued at $37,314 using the Black-Scholes pricing model) as compensation to a consultant for strategic planning and public relations; and (iii) 600,000 shares of our common stock (valued at $180,000 based on an average five day closing sale price of our common stock) and 1,000,000 two-year warrants, (in 500,000 increments exercisable at $0.50 and $1.00) valued at $216,021 using the Black-Scholes pricing model as compensation to a consulting firm for strategic planning and public relations. Amortization of these issuance costs will vary between six and twenty four months to coincide with the term of the consulting agreements.
More proof that the woody works... This was a good long too! This was a 6 bagger you hung long...
($.24 to $.50)(2 months)
Long
March 16th PR is start date.. found 1st PR on 3/16/06....
then this
10Q 1st Q 2006
During the three months ended March 31, 2006, we entered into various consulting agreements and issued (i) 1,000,000 shares of our common stock (valued at $200,000 based on an average five day closing sale price of our common stock) as compensation for management services to a consultant, (ii) 150,000 two-year warrants exercisable at $0.25 per share (valued at $37,314 using the Black-Scholes pricing model) as compensation to a consultant for strategic planning and public relations; and (iii) 600,000 shares of our common stock (valued at $180,000 based on an average five day closing sale price of our common stock) and 1,000,000 two-year warrants, (in 500,000 increments exercisable at $0.50 and $1.00) valued at $216,021 using the Black-Scholes pricing model as compensation to a consulting firm for strategic planning and public relations. Amortization of these issuance costs will vary between six and twenty four months to coincide with the term of the consulting agreements.
More proof that the woody works... This was a good long too! This was a 6 bagger you hung long...
($.24 to $.50)(2 months)
Long
Join the InvestorsHub Community
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
