JAWS Technologies - NASDAQ (NM):JAWZ Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : JAWS Technologies - NASDAQ (NM):JAWZ

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: John McDonald who wrote (3057)	4/19/2001 9:43:13 PM
From: Praxis	Read Replies (1) of 3086

The movement has more to do with the CALP news than anything, they also need to keep the share price above $1.00 for 14 trading days in order that the de-listing meeting be canceled. On March 29, 2001, JAWZ and CALP entered into a letter agreement (the "Letter Agreement") to further amend the Agreement and the Amendment. The Letter Agreement amends the Agreement and the Amendment by amending adjustable warrant AW-3B and by amending the amended registration rights agreement. Adjustable warrant AW-3B is amended by terminating the existing vesting provisions and replacing them with monthly vesting from November 1, 2000 to October 31, 2001. In accordance with the new vesting terms, CALP has given Notice to Purchase Warrant Shares and JAWZ issued 5,081,835 common shares on March 29, 2001. The Letter Agreement also amends the registration rights agreement by deleting the requirement of the March 30, 2001 effective registration deadline for the common shares issued pursuant to the amended warrant and by eliminating any penalties for late registration. The Letter Agreement provides for a new date of June 30, 2001 for effective registration of shares due under the Agreement.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next