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Technology Stocks : Zitel-ZITL What's Happening
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To: Michael who wrote (17555)12/24/1998 12:55:00 AM
From: Michael   of 18263
 
from 10k

Beginning in May 1998, the Company[MatriDigm] offered 666,667 shares
of common stock for sale. The initial offering price of $6.00 was
subsequently revised to $1.50. As of September 30, 1998, 400,272
shares had been issued. In April 1998 the conversion of notes
payable resulted in the issuance of 401,053 shares of common stock
and the contribution and reissuance of 2,406,315 of founders' shares.
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