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Non-Tech : Bill Wexler's Dog Pound
REFR 1.560-2.5%Nov 7 9:30 AM EST
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To: Dale Baker who wrote (2134)7/14/1999 9:27:00 AM
From: Dale Baker  Read Replies (1) of 10293
 
And here is what GUMM originally sold in the IPO plus a private placement:

In April 1996, the Company sold to the
public 460,000 Units of its securities at $18.00 per Unit, each Unit consisting
of three shares of Common Stock and one Common Stock Purchase Warrant (the
"Public Warrant") to purchase an additional share of Common Stock at any time
until April 24, 2001 at $7.50 per share (the "Prior Offering"). At the same
time, the Company registered 619,175 shares which were sold in the
aforementioned private placement. The Prior Offering was underwritten by
Kensington Securities, Inc. (the "Prior Representative").

Looks like 2.5 million shares tops. So 3.4 million additional shares somehow leaked out the back door since then.
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