Weighted average shares outstanding:nach Reverse Split 1:1000 im März 2005
Basic and diluted Sept. 2005 65,459,072 2004 24,923,265
In January 2005, Marmion Industries issued to Wilbert Marmion, 30,000,000 Series B
Preferred Stock. The shares were valued at $6,000 based upon an independent appraisal.
Series B Preferred Stock have 100 votes for every share of preferred and are convertible into common stock at a 100 to 1 ratio.
On January 6, 2005 the directors adopted the Years 2005 Stock Plan reserving 750,000,000 share of common stock for issuance.
On January 28, 2005 the directors adopted the Years 2005 Stock Plan reserving 2,000,000,000 share of common stock for issuance.
During the three months ended March 31, 2005, employees' exercised options to acquire 596,843 shares of common stock on a cashless basis through an outside broker. The broker sold the shares on the open market and Marmion Industries received proceeds totaling $164,687.
During the three months ended March 31, 2005 Marmion Industries issued 4,093,000 (post split) shares of common stock to various consultants. The shares were valued at $262,560.
In March 2005, Marmion Industries declared a reverse stock split effected in the form of one common share for each one thousand (1000) issued and outstanding common shares of Marmion Industries common stock. Accordingly, all referenced to number of common shares and per share data in the accompanying financial statements have been adjusted to reflect the stock split on a retroactive basis.
During the three months ended June 30, 2005 Marmion Industries issued 3,000,000 (post split) shares of common stock to various consultants. The shares were valued at $43,250.
During the three months ended September 30, 2005, 118,000,000 employee stock options were exercised which the Company received $300,487.
During the three months ended September 30, 2005 Marmion Industries issued 88,000,000 (post split) shares of common stock to various consultants. The shares were valued at $758,400.
As of September 30, 2005, we had a deficiency in working capital of $756,387. Cash flow used for operating activities required $1,243,975 during the nine-months ended September 30, 2005. We financed a large portion of our net loss from the issuance of equity rights
Pro forma net loss $(2,115,997) $(1,589,618)
und der nächste Reverse Split kommt bestimmt |
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