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Sale Of Knowledge Capital Shares
9 Months Ended
May. 30, 2015
Sale Of Knowledge Capital Shares [Abstract]  
Sale Of Knowledge Capital Shares

NOTE 11 – SALE OF KNOWLEDGE CAPITAL SHARES

 

Pursuant to a fiscal 2011 warrant exercise agreement with Knowledge Capital Investment Group (Knowledge Capital), we filed a registration statement with the SEC on Form S-3 to register shares held by Knowledge Capital.  This registration statement was declared effective on January 26, 2015.  On May 20, 2015, Knowledge Capital sold 400,000 shares of our common stock on the open market and we did not purchase any of these shares.  At May 30, 2015, Knowledge Capital held 2.8 million shares of our common stock.  Two members of our Board of Directors, including our Chief Executive Officer, have an equity interest in Knowledge Capital.