SUBSEQUENT EVENTS |
9 Months Ended | ||
|---|---|---|---|
Sep. 30, 2011 | |||
| SUBSEQUENT EVENTS |
On
November 3, 2011, a majority of purchasers in the April Private
Placement, which majority constituted the requisite holders, as
defined by the applicable securities purchase agreement, consented
to extend the Filing Deadline of a resale registration statement to
the 180th
day following the final prospectus of a public offering of
securities contemplated by the Company and to extend the
corresponding Effectiveness Deadline to the 240th
day following the final prospectus of the public offering (see Note
6).
As
described in Note 7, on October 6, 2011 the Company granted 70,000
stock options to a non-employee.
|