Omicron Technologies (OGPS) Message Board

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Microcap & Penny Stocks : Omicron Technologies (OGPS)

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To: Jim Bishop who wrote (522)	10/28/1999 10:20:00 PM
From: john	Read Replies (2) of 830

"Spencer Edwards has agreed to raise up to $9 million in private placement financing and more if required. The $9 million private placement will be released to the company in tranches to meet the budgetary requirements over the next 6 months. As compensation for the financing, Spencer Edwards will receive a half warrant for every share issued. Each warrant will have an exercise price of $4 per share". Is there a minimum price to raise the PP funds? In other words at todays price of say a buck, that's 9 million shares............. if the price were to drop (say 50 cents) would that then mean 18 million shares??????????? (shareholders using the 50 cents for mathematical purposes I am not suggesting a drop to these levels) I think the strike price of the PP funds these guys are to raise is CRITICAL. These companies always seem to leave out information an investor or potential investor needs to make a decision. I'll keep my eye on it..... company has great potential Good Luck to all. john

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