And awaaaay we go: "This Prospectus covers offers and sales of: 2,868,100 shares of Common Stock underlying Redeemable Common Stock Purchase
Warrants, including:
. 2,150,000 shares of common stock issuable upon exercise of the
2,150,000 redeemable common stock purchase warrants sold in our
initial public offering on May 2, 1996.
. 322,500 shares of common stock issuable upon exercise of the
322,500 redeemable common stock purchase warrants sold to the
public pursuant to an over-allotment option granted to the
Underwriters in connection with our initial public offering.
. 197,800 shares of common stock issuable from time to time upon the
exercise of the 197,800 redeemable common stock purchase warrants
underlying the Representative's Warrants to Purchase Common Stock
(the "Representative's Warrants") issued in connection with our
initial public offering on May 2, 1996.
. 197,800 shares of common stock issuable from time to time upon the
exercise of the 197,800 warrants granted to the Representative on
the exercise of the Representative's Warrants ("Representative's
Second Tier Warrants").
197,800 Redeemable Common Stock Purchase Warrants (the "Representative's
Second Tier Warrants"),
. Issuable from time to time upon exercise of 197,800
Representative's Warrants to Purchase Warrants issued in
connection with our initial public offering on May 2, 1996.
. Exercisable through May 2, 2002 to purchase one (1) share of our
common stock at a price of $5.85 per share, which will result in
gross proceeds to us of $1,157,130 if all 197,800 redeemable
common stock purchase warrants are exercised by paying cash.
. Redeemable by us upon thirty (30) days notice at a redemption
price of $.25 per warrant, but only if certain conditions are met.
See "Description of Securities - Warrants."
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