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Strategies & Market Trends : Floorless Preferred Stock/Debenture
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To: Timelord who wrote (613)7/10/1999 3:59:00 PM
From: RockyBalboa   of 1438
 
Important addentum, found in the filings:

The conversion of our series B convertible preferred stock could also have consequences that could cause Nasdaq to delist our common
stock. If the conversion and sale of our series B convertible preferred stock result in a decline in our common stock price, as discussed in the prior risk factor, the minimum bid price for our common stock could fall below $1.00.

Nasdaq could also delist our common stock if it deems it necessary to protect investors and the public interest.

If Nasdaq were to determine that the returns on our series B convertible preferred stock are excessive compared with the returns received by the holders of our common stock, and those excess returns were egregious, Nasdaq could delist our common stock.

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