[05-25-09 07:00 PM ET] NEWKIDCO MANAGEMENT/SHAREHOLDER VALUE, THE PAST 52-WEEKS, IN PERSPECTIVE:IN NEWKIDCO MANAGEMENT'S OWN WORDS.......
"...Burlington, MA (June 15, 1999) - NewKidCo International Inc. ("NewKidCo International" or the "Company") (OTC BB: NKCIF; TSE: NKC) is pleased to announce that it has completed a private placement offering...at a price of Cdn.$2.50 each, for net proceeds of approximately U.S. $9,586,000[1.]...BURLINGTON, MA (March 22, 2000) - NewKidCo International Inc. (OTC BB: NKCIF; TSE: NKC)...For the twelve months ended December 31, 1999, the Company reported revenue of US$22.6 million versus US$2.5 million for the twelve months ended December 31, 1998 an increase of 804%. The Company reported net income of US$2.8 million..." [1.][2.]..."...The existing sources of liquidity and cash generated from the Company's operations will not be sufficient to meet its current capital expenditure, working capital and other cash requirements, currently estimated to be approximately $10 million. The Company is currently in the process of seeking additional debt and equity financing...If the Company cannot raise funds on acceptable terms, it may not be able to continue as a viable operating company..."[3.] "...NOTICE IS HEREBY GIVEN that the board of directors of NewKidCo International has determined that is it advisable for the shareholders of the Company to consider...an additional resolution at this year's annual and special meeting of shareholders of the Company...to be held May 17, 2000...and reconvened on June 8, 2000 for the purpose of: ...approving the issuance or possible issuance by the Company in private placements...of up to 100% of the number of issued and outstanding common shares of the Company as at the date of the accompanying Supplemental Information Circular...THE COMPANY'S ISSUED AND OUTSTANDING SHARE CAPITAL IS CURRENTLY COMPRISED OF 20,086,756 COMMON SHARES...AS AT MAY 11, 2000..."[4.]...NewKidCo (TSE:NKC) closed at $C1.35 today, 25 May 2000 on the Toronto Stock Exchange [or the equivalent of a 46% discount to NewKidCo's June 1999 US$10M Private Placement Offering Price [[1.] above]...
[1.] Source: NewKidCo Company Press Release.
[2.] Source: NewKidCo Annual Information Form For the Fiscal Year Ended December 31, 1999 dtd May 4, 2000(Note: Used as basis of NewKidCo's 5 May 2000 News Release biz.yahoo.com )
[3.] Source: MANAGEMENT DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS accompanying said 4 May 2000 NewKidCo Annual Information Form.
[4.] Source: NEWKIDCO INTERNATIONAL INC SUPPLEMENTAL NOTICE OF ANNUAL AND SPECIAL MEETING OF SHAREHOLDERS dtd 11 May 2000.
esecurities corporation (WallStreetRadio.com Newswires(tm)).
Beneficial [Long] Shareholders (NASD OTC BB:NKCIF) |
