Video Update (VUPDA) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : Video Update (VUPDA)

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Thomas Kirwin who wrote (68)	3/29/1997 1:00:00 PM
From: Thomas Kirwin	of 142

Subj: VUPDZ (Warrants) Date: 97-03-29 12:26:41 EST From: ThomasK784 DPDIAMOND, My understanding is that there are only 1,175,000 warrants outstanding. These securities are subject to redemption by the company upon 30 days written notice, at a price of $0.05 per Class B Warrant, if the average closing bid price of the Class A Common stock for any 30 consecutive business days ending within 15 days of the date on which the notice of redemption exceeds $12.25 per share. Each warrant represents only one share of common. I look forward to the day when we see $12.75! I do see where the prospectus dated September 27, 1997 indicates that the company has 8,504,825 Class A Common Stock shares reserved for issuance upon exercise of the outstanding Class B Warrants at an exercise price of $8.75. Why do they need that many shares reserved when the actual number of warrants outstanding is 1,175,000? Perhaps they plan to offer more shares at that juncture? It appears as though a call to the company may be in order so that we may clarify. I will post their response. C Ya @ $10 Tom

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next