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Non-Tech : Ashton Technology (ASTN)
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To: Zeev Hed who wrote (533)5/3/1999 10:01:00 PM
From: Rajiv  Read Replies (2) of 4443
 
do you know the exact terms on those puts?

Zeev, From the SEC filings -

The Put price per share is an amount equal to 85% of the
average of the lowest bid prices of such Common Stock over the seven day period
beginning three days before and ending three days after the Company gives notice
of a Put. The Private Equity Investors are not obligated to purchase any Put
shares unless, among other things, (i) the Registration Statement is effective,
(ii) the Company is listed and its Common Stock is trading on a national
exchange or quotation system, (iii) the closing bid price of the Common Stock on
the day immediately preceding such purchase is at least $1.50 per share, and
(iv) the Common Stock has traded at an average volume of at least 25,000 shares
a day for the thirty trading days preceding such purchase.

Regards.
Rajiv
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