Ocean Power (PWRE): Water/Power Giant in the making! Message Board

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Technology Stocks : Ocean Power (PWRE): Water/Power Giant in the making!

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To: gene martineau who wrote (245)	2/8/2000 10:51:00 AM
From: SnakeInATuxedo	Read Replies (1) of 269

Mr. Martineau, the wording of this paragraph... This was done through a Private Placement of the Company's common shares in the amount of $6,000,000 of which $3,775,092 has been received, and the company anticipates the balance being received in the next few weeks. In addition, the offering includes warrants that are exercisable for shares averaged at $3,000,000 over the next three years. ... is quite simply terrifying to those who rightly fear the diabolical devastation of dilution. Would you please clarify the amounts and terms? How many, for what price, at what average, and said "average" determined in what way.... will be good starting answers.

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