Exactly as predicted, right on schedule, what a manip: " CYPH Announces Class C Warrant Redemption Call
Feb 4 2000 19:11
DALLAS, Feb. 4 /PRNewswire/ --
Cytoclonal Pharmaceutics Inc. (Nasdaq: CYPH) (Nasdaq: CYPHW), announced today
that the company intends to call for redemption all of its outstanding Class C
Warrants. The date of the Class C Warrant call will be February 7, 2000.
Letters of instruction will be mailed to all holders of Class C Warrants on
that day. Each Class C Warrant is exercisable at an aggregate exercise price
of $6.50 per warrant prior to 5:00 p.m. (Eastern Standard Time) on
March 8, 2000. If a Class C Warrant is exercised, the holder will receive one
share of common stock and one Class D Warrant (Nasdaq: CYPHZ) of Cytoclonal
Pharmaceutics Inc. After 5:00 p.m. on March 8, 2000, the Class C warrants
will no longer be exercisable, and the holders will have only the right to
receive the redemption price of $.05 per warrant.
Pursuant to the terms of the Warrant Agreement covering the Class C
Warrants, the Company has agreed to pay Janssen-Meyers Associates L.P.
("Janssen-Meyers") 5% of the proceeds received upon exercise of any Class C
Warrant solicited by Janssen-Meyers, as designated in writing on the
applicable Warrant Certificate Subscription Form. Upon request,
Janssen-Meyers will assist each registered holder of Class C Warrants in
connection with the exercise thereof." |
