ISCO-Illinois Superconductor Message Board

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Technology Stocks : ISCO-Illinois Superconductor

ISCO 0.131

-3.0%

Dec 23 1:22 PM EST

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To: Gravity who wrote ()	3/24/2000 12:59:00 AM
From: Wafa SHIHABI	Read Replies (1) of 524

Questions on the proxy to anyone who cares to answer: 1) The proxy states that if the number of authorized shares is not increased to 250,000,000 then the convertible holders will have the right to exercise those instruments at their economic value. This seems to be in reference to the share market price. Does anyone know how explicit or unquestionable that is? If the economic value is only $.25, then raising alternative funding is a far more economic option for the company. One which can not be decided by the current board due to its clear conflict of interest. 2) I am still looking for the terms of the original funding. But from what I remember from memory, several of the trenches gave the financiers the option to exercise, while others gave the company the option to exercise. While clearly one should expect the financiers to do so, what assurance will there be that the company will not exercise? However, prior to poking this question, the original filings need to be dug out and digested. Below is the link for the current proxy: ragingbull.edgar-online.com

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