To BETT Shareholders:
We will be releasing a press release tomorrow as regards a 5% stock dividend and warrant for BETT shareholders of Record.
These are the steps:
1. Between June 24 and June 30, you should both purchase additional BETT stock and for those of you who are long, order your brokers to instruct Corporate Stock Transfer, Attention Christine, 303-595-3300, to issue you an eConnect stock certificate. No BETT shares are to be held in street name.
By doing so, you will now become a BETT Shareholder of Record. This certificate will be known as the June 30 eConnect BETT stock certificate and will be delivered to you by mid July.
2. Present the June 30 stock certificate to us on September 1, 1999, and we will issue you a new eConnect BETT stock certificate with 5% additional stock added on. This will be known as the September 1, 1999 eConnect stock certificate.
3. On September 1, 1999, you will also receive a Warrant that will be exercisable on June 30, 2000 through June 30, 2002, to purchase BETT stock at $1 per share.
4. Present the September 1, 1999 eConnect stock certificate to us on June 30,2000 as proof of being a BETT shareholder of Record since June 30th, 1999, and you can then begin to purchase stock from eConnect at $1 per share until June 30, 2002.
Example: By June 30, 1999, your orders have been placed with your stock brokers contacting Corporate Stock Transfer to generate an eConnect BETTstock certificate for 5,000 shares of BETT stock. Certificate # 201-2. You had better allow 4 days for this process, depending on who your broker is.
Orders for eConnect street name stock to be converted into an eConnect stock certificate that are received by Corporate Stock Transfer after June 30, 1999, will not be accepted by eConnect as being in the eConnect 5% stock dividend and warrant program.
On September 1, 1999, Certificate # 201-2 for 5,000 BETT shares is converted into Certificate # 308-5 for 5,250 shares of BETT stock. (the 5% dividend)
On June 30, 2000, Certificate # 308-5 is presented to eConnect as proof of being an eConnect BETT Shareholder of Record since June 30, 1999, and you can then begin to exercise your Warrant to purchase 5,250 BETT shares at $1 per share, at any time, for any number of BETT shares, until June 30, 2002.
GO BETT!
Tom |
