Business
Board of Directors Ratification of Common Stock share issuances
Board of Directors Ratification of Common Stock share issuances.
About this update from Loans4less.com, Inc.
[{"type":"text","content":"The Board of Directors of Loans4Less.com, Inc. has authorized the issuance of 571,500 Common Stock shares and will accordingly expense same on the books of the Company based on a determined value of $0.65 per share. This determined value was based using a middle price as per the closing quotation of LFLS $0.51-$0.79 on pinksheets.com as of Friday, April 18th 2008.\n\nOf the 571,500 shares issued the following is a breakdown of same:\n\nAnnual Vesting Schedule (Year 4 of 5) 350,000 shares, Steven M. Hershman 200,000 shares in connection with the acquisition of Loans4Less Limited (UK) and 21,500 shares for third party consultancy services.\n\nThe Company hereby confirms that there are 27,771,500 common stock shares issued and outstanding.","length":740,"tagName":"div"}]