HELP (.06x.065) has $.067 for distribution.
CASH DISTRIBUTION: our previous profile list stock HELP (0.06 x 0.07) will have available approximately $.067 per share in cash for distribution to current shareholders before they complete the previously announced reverse merger. They will also complete a 22.19 to 1 reverse split. Currently, per the SEC filings, there is $1,338,962 held in escrow for distribution and 19,971,313 shares outstanding. For more information, see
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11/9/2001 09/30/2001 10Q:
-The consideration received by the Company was $12,500,000 less certain closing adjustments and less $1,250,000 which will be held in escrow for a period of two years (through December 30, 2001) and is available to settle potential indemnification claims. Management is not aware of any material claims against this escrow as of September 30, 2001.
11/7/2001 8K:
-(e) Holdback Distribution. On December 30, 1999, HELP completed the sale of substantially all of HELP's assets, subject to specified liabilities, to Pyxis Corporation ("Pyxis"). In consideration thereof, HELP received certain cash less the sum of $1,250,000.00 (such amount, together with any interest or other earnings thereon, being called the "Holdback Amount"), which is to be held in escrow for a period of two years following December 30, 1999, in order to settle potential indemnification claims by Pyxis. PainCare acknowledges that (other than the Help Cash) neither the HELP Conversion Shares, nor shares issued pursuant to the Option Plan, nor any securities issued by HELP after the Effective Date, shall be entitled to any distributions to be made out of the Holdback Amount when, as and if the Holdback Amount, or any portion thereof, is released from escrow.
-Help shall effect a 22.19 to 1 reverse stock split, reducing its outstanding shares of common stock to 900,000 shares from 19,971,313 shares.All references herein to shares of common stock of HELP to be issued or as outstanding give effect to the 22.19 to 1 reverse split unless otherwise stated.
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