Item 3.02. Unregistered Sales of Equity Securities
On October 13, 2009, WB QT, LLC, the holder of Registrant's Third Amended and
Restated Promissory Note issued on August 3, 2009, converted $1,000,000 of
principal plus $32,767 of interest into shares of Registrant's common stock at a
conversion price of $0.71 per share. As a result of such conversion, Registrant
issued to WB QT, LLC a total of 1,454,601 shares of common stock.
The common shares issued by Registrant were issued to an accredited investor in
a transaction exempt from Registration pursuant to Section 4(2) of the
Securities Act of 1933. The transaction did not involve a public offering, was
made without general solicitation or advertising, and there were no underwriting
commissions or discounts.
Add
QTWW to Portfolio
Set Alert
Email to a
Friend