Jacob,
Being a technology leader counts didly if they can not convert technology to profits. (IOM comes to mind)
N.O.,
Do you have the Rover announcement as per your Yahoo posts? I can not think it can be any other since SMU has categorically stated that they have been delivering the products for months. Who else <gr>
Did you catch this: What is the total dilution so far? 14 million? 16 million? It will be nice to see those shares converted.
May 27, 1999 18:00
SIMULA INC files for common stock offer.
Excerpted from S-3 filed on 05/27 by SIMULA INC:
SIMULA INC files for common stock offer.
PROSPECTUS
2,000,921 SHARES
SIMULA, INC.
COMMON STOCK
This prospectus relates to the offer and sale of up to 2,000,921 shares of our Common Stock that may be sold from time to time by the holder of our Series A Convertible Preferred Stock following that holder's conversion of their Preferred Stock into our Common Stock. The actual number of shares sold under this prospectus depends upon the prices at which those conversions are made. We will not receive any proceeds from the issuance or sale of shares of Common Stock sold under this prospectus. While we will pay certain of the expenses associated with this offering, the Selling Shareholder will bear the cost of any brokerage commissions and discounts that they incur when they sell their shares under this prospectus. The Common Stock offered under this prospectus may be sold from time to time in market transactions at the prices then prevailing or our Common Stock on the New York Stock Exchange, or through privately negotiated transactions.
Common Stock Trading Symbol: "SMU"
Where Listed: New York Stock Exchange
Closing Price on May 26, 1999: $5.125
AN INVESTMENT IN OUR COMMON STOCK INVOLVES A HIGH DEGREE OF RISK. INVESTORS SHOULD CAREFULLY CONSIDER THE FACTORS SET FORTH UNDER "RISK FACTORS,"
BEGINNING ON PAGE 7.
NEITHER THE SECURITIES AND EXCHANGE COMMISSION (SEC) NOR ANY STATE SECURITIES COMMISSION HAS APPROVED OR DISAPPROVED THESE SECURITIES, OR DETERMINED IF THIS PROSPECTUS IS TRUTHFUL OR COMPLETE. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE.
May 27, 1999
(End of Item Excerpt)
(End of Item Excerpt)
USE OF PROCEEDS
We will not receive any of the proceeds from the sale by the Selling
Shareholder of the shares of Common Stock offered under this prospectus. Proceeds received from purchasers of Common Stock offered under this prospectus will be retained by the Selling Shareholder.
DETERMINATION OF OFFERING PRICE
This prospectus may be used from time to time by the Selling Shareholder to offer our Common Stock for sale. The offering price in each transaction will be determined by the Selling Shareholder and may be based on market prices prevailing at the time of sale, or at privately negotiated prices. The Selling Shareholder will acquire the shares for sale under this prospectus by converting Preferred Stock into our Common Stock from time to time, as provided under the terms of the private placement in which the Preferred Stock was issued in March 1999. The number of shares and the price of the Common Stock that the Selling Shareholder receives from us for future sale under this prospectus will vary, and is a function of a conversion price formula that we negotiated and agreed upon with the Selling Shareholder. |
