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Microcap & Penny Stocks : NAMC Mediation and Arbitration over the net
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To: Dowjoe who wrote (17)7/12/1999 7:06:00 PM
From: Michael Paul Langley  Read Replies (1) of 104
 
Each Redeemable Warrant entitles the holder to purchase one share of Common Stock at a price of $6.00 per share, subject to adjustment, at any time from issuance until November 13, 2001 and is redeemable by the Company, with the prior written consent of the Underwriter, at a redemption price of five cents ($.05) commencing November 13, 1997 on thirty (30) days' prior written notice, provided that the average closing bid price of the Common Stock equals or exceeds $9.00, subject to adjustment, for any twenty trading days within a period of thirty consecutive trading days ending on the fifth trading day immediately prior to the notice of redemption.

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