SI
SI
discoversearch

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.
Technology Stocks : Aahh...iNEXTV (AXC) The NEXT Thing!
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: scrooge who wrote (4100)7/11/2001 1:15:47 PM
From: Hal Campbell  Read Replies (1) of 4169
 
<< Under the terms of the agreement, iBEAM issued and sold 2,400,939 shares
of convertible preferred stock for a total purchase price of $30 million
in cash, plus an in-kind contribution of services by Williams
Communications valued at $10 million, for total consideration of $40
million. The preferred stock votes with the common stock on an as
converted basis and is initially convertible into 240,093,900 shares of
common stock of iBEAM, representing approximately 65% of iBEAM's
outstanding voting stock. Williams Communications holds preferred stock
initially convertible into 49% of iBEAM's outstanding voting stock. >>

High price to pay for survival. Wonder if those convertibles have a floor? A study of the IBEM chart for the last year might prove interesting as rumors of financing arrived and took it off its lows...then the done deal materialized.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News