I did not see this in the Fortune story. Guess they missed it!!
INTELLICALL INC filed this 10-Q on 08/16/1999.
tenkwizard.com
Notwithstanding anything in this Section 2.2 to the contrary, neither the
number of shares subscribable hereunder nor the Conversion Price shall be
adjusted with respect to any Common Stock Equivalents issued and
outstanding as of the date of the issuance of this Note, or the issuance
of any securities upon exercise or conversion of any such common stock
equivalent, including, without limitation, any securities issued from
time to time pursuant to (i) the exercise of options outstanding as of
the date of issuance of the Note and held by present or former directors,
officers or employees of the Company, (ii) the exercise of the Warrant
dated December 29, 1995 ("Ferraro 1995") issued to Jack Ferraro, (iii)
the exercise of the Warrant dated November 11, 1996 ("Ferraro 1996")
issued to Jack Ferraro, (iv) the exercise of the Warrant dated January
20, 1999 ("Paytel Warrant") issued to Paytel Canada, Ltd., (v) the
exercise of the Warrants, dated December 29, 1995 ("Gottardo 1995")
issued to Banca del Gottardo, (vi) the exercise of Warrants, dated
November 11, 1996 ("Gottardo 1996") issued to Banca del Gottardo, (vii)
the effect of any antidilution provisions contained in the Ferraro 1995,
the Ferraro 1996 and the Paytel Warrant, the Gottardo 1995 and Gottardo
1996 Warrants and (viii) the issuance of up to 150'000 stock options per
calendar year pursuant to the Company's stock option or stock purchase
plan.
NYSE Announces Revised Date of Suspension of Intellicall, Inc
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Story Filed: Tuesday, June 29, 1999 5:45 PM EST
DALLAS, Jun 29, 1999 (BUSINESS WIRE via COMTEX) -- The New York Stock Exchange announced today that trading in the common stock of Intellicall, Inc. (NYSE:ICL) will be suspended prior to the opening on Tuesday, July 6, 1999, in order to facilitate an orderly transfer of the common stock to another national securities market. The Exchange had previously announced that trading would be suspended on Tuesday, June 29, 1999.
Following suspension, application will be made to the Securities and Exchange Commission to delist the issue. Intellicall has advised the Exchange that it is seeking to make application to transfer the trading of its common stock to another securities marketplace.
The Exchange's action is being taken in view of the fact that Intellicall has fallen below the NYSE's continued listing criteria relating to: net tangible assets available to common stock (less than $12 million) together with average net income after taxes for the past three years (less than$600,000).
The NYSE noted that it may, at any time, suspend a security if it believes that continued dealings in the security on the NYSE are not advisable.
Intellicall is a leading manufacturer of advanced public access telecommunications systems including intelligent payphones, prepaid and call processing systems, and network control and business management systems. Intellicall's common stock is traded on the New York Stock Exchange under the symbol "ICL" and is listed in alphabetical quotations as "Intellicall" or"Intelcal."
Copyright (C) 1999 Business Wire. All rights reserved.
CONTACT: Intellicall
John J. McDonald, 972/416-0022, Ext. 221
intellicall.com
or
M/C/C
Jim Terry, 972/480-8383
Email: jim--terry@mccom.com |
