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Microcap & Penny Stocks : INSP Investors Research

INSP 81.73

-2.5%

Nov 7 9:30 AM EST

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To: howsmydrivingal who started this subject	7/22/2002 11:56:56 AM
From: howsmydrivingal	of 787

Board announces a stock owners rights plan. siliconinvestor.com Common owners will be issued rights, one right for each share they own on 8/9/02. This right gives them the ability to purchase INSP preferred. The rights are not excersisable unless there is a takeover or other event in which an outside entity attempts to buy over 15% of INSP's outstanding shares. Does Jain have to wait until the entity attempts to buy over 25% of the shares or can he buy up to 24.99% of the shares before the rights plan kicks in? Regardless, if there is an attempt, and the rights become excersisable then will these rights trade on the open market (like a warrant?) or would the would-be entity just get a watered down percentage of the company? Unclear to me is whether or not the owners of the rights would need to come up with additional capital to protect their 'rights'. I wouldn't think so, but...

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