Dale, I took a quick glance at GUMM's s-1 and didn't see where it would be a floorless. Actually see a warrant jack in it for the future, ala MVIS. If I am wrong please correct, as this stuff gets somewhat murky to me.
x
Fisher Capital Ltd. and Wingate Capital Warrants
On June 2, 1999, we issued Fisher Capital Ltd. and Wingate Capital Ltd.
warrants to acquire a total of 300,000 shares of our common stock at an initial
price of $12.44 per share. The warrants may be exercised by the holders at any
time prior to June 2, 2002. The warrant exercise price and the number of shares
of common stock issuable upon exercise of these warrants will be adjusted if we
issue or sell any shares of common stock for a consideration per share less than
the market price of the common stock for the five consecutive trading days
immediately preceding the date of issue or sale. The holders of these warrants
have a right to participate in any pro rata distribution of rights to purchase
stock, warrants, securities, or other property to record holders of any class of
our common stock. After June 2, 2000, we will have the right to redeem, on a pro
rata basis, one-third, two-thirds, or all of the warrants on any day immediately
following any 20 consecutive trading day period during which the closing bid
price of our common stock exceeds $14.93, $19.90, or $24.88 respectively.
|
