MACE,
Although the MACE Directors decided not to sell any shares,hopefully MACE will have some windfall profits from allowing a major holder to sell the 1.675 million shares that were restricted.
From Tuesday April 13:
biz.yahoo.com
"MOUNT LAUREL, N.J.--(BUSINESS WIRE)--April 13, 2004--Mace Security International, Inc. ("Mace") (Nasdaq:MACE - News), a manufacturer and marketer of security products and a leading provider of car care services, today announced that it has agreed with Price Legacy Corporation (successor to Excel Legacy Holdings, Inc.) the owner of 1,675,000 shares of Mace common stock to remove a selling restriction on the 1,675,000 shares in exchange for Price Legacy Corporation paying to Mace one half the proceeds from the sale of the stock or 837,500 shares of Mace common stock, at Mace's election. The 1,675,000 shares were obtained by Price Legacy Corporation, as payment for car washes purchased by Mace in 1999. As part of the transaction under which the shares were issued in 1999, the shares could not currently be sold without the consent of Mace. " |
