Roger, You mention shorting ISCO successfully in the past. ISCO is now above $9 again and seems to have major dilution to the tune of 22% (1.18mm) from one selling shareholder who is converting his Preferred B and C shares. Is it time again to short this one, again.
sec.gov
ISCO is getting some money from this, primary from the excercise of some warrants.
USE OF PROCEEDS
The Company will not receive any proceeds from the sale of the Shares by the Selling Stockholder. If and when all or a portion of the Warrant is exercised and up to 62,500 Shares are issued to the Selling Stockholder, the Company will receive the proceeds from the sale of such Shares to the Selling Stockholder. If the Warrant is exercised in full, the Company will receive $925,781.
SELLING STOCKHOLDER
The following table sets forth, as of September 22, 1997, certain information regarding the beneficial ownership of the outstanding Common Stock by the Selling Stockholder, consisting of the Shares which the Selling Stockholder may be issued upon conversion of the Series B Stock and Series C Stock, the Shares which the Selling Stockholder may be issued as accrued dividends on the Series B Stock and Series C Stock and the Shares which the Selling Stockholder may acquire upon exercise of the Warrant, both before the offering of the Shares and as adjusted to reflect the sale of the Shares.
Southbrook International Investments, Ltd. 1,184,060
You comments are appreciated,
Chester |
