ISCO-Illinois Superconductor Message Board

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Technology Stocks : ISCO-Illinois Superconductor

ISCO 0.160

+14.3%

Nov 6 3:07 PM EST

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To: redbird who wrote (404)	2/28/2000 3:37:00 PM
From: Rajiv	Read Replies (1) of 524

They have issued notes for 2 million - the investor can invest an additional 4 million on the same terms (total of 6 million). biz.yahoo.com ISCO repriced the existing converts/warrants (for an additional 52+ million shares). The Letter Agreement also reduces to $.25 per share the conversion and exercise prices, respectively, of (i) $11.8 million in aggregate principal amount of outstanding senior convertible notes ("Old Notes") and (ii) Warrants to acquire 4,834,782 shares ("Old Warrants") held by the Investors. The Old Notes and Old Warrants originally were issued in May 1998 and March 1999 and, in the case of the Old Warrants, October, 1997. Regards, Rajiv (I do have a small short position)

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