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Strategies & Market Trends : Bosco & Crossy's stock picks,talk area
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To: Crossy who wrote (3254)1/22/2003 8:40:33 PM
From: JoeinIowa  Read Replies (3) of 37387
 
ESAN news today after the bell.

January 22, 2003

ENTRADA NETWORKS INC (ESAN.OB)
form 8-K
ITEM 5. OTHER EVENTS.
On January 15, 2002, Entrada Networks, Inc. authorized the issuance of $250,000.00 principal amount of 10% Senior Convertible Debentures due January 15, 2004 which included warrants to the Debenture buyers to purchase shares of the Common Stock in the respective amount of the 10% Senior Convertible Debentures. The Debentures were 100% purchased by HandsOn Ventures, LLC. Details of the Debentures and conversion provisions were provided in our 8-K filed with the Securities and Exchange Commission on January 28, 2002.

As of January 17, 2003, the $250,000 principal and accrued interest of the 10% Senior Convertible Debentures was paid and the Debentures retired. The warrants associated with the debentures will expire on January 15, 2007.
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