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STOCK OPTION EXERCISE
9 Months Ended
Sep. 30, 2012
STOCK OPTION EXERCISE  
STOCK OPTION EXERCISE

9.                 STOCK OPTION EXERCISE

 

On July 10, 2012, the chief executive officer of the Company exercised a portion of his stock option.  The Company issued 2,000,000 shares of Common Stock to him at an exercise price of $0.81 (aggregate consideration of $1,620,000).