Taxi--I haven't got any further on warrents but this is interesting;
Effective June 30, 1997, ADI entered into a merger agreement, whereby ADI merged with and into a subsidiary of U.S. Health Management Corporation ("HMC"), which, in turn, is a wholly-owned subsidiary of FONAR Corporation ("FONAR"). Pursuant to the merger agreement, shareholders of ADI received 2,740,000 shares of common stock of FONAR, of which 1,764,000 are to be held in escrow pending registration of the shares under the Securities Act of 1933. In addition, 576,000 shares are to be held in escrow contingent upon ADI achieving certain defined financial goals The remaining 400,000 shares may be sold by the shareholders of ADI subject to certain daily trading volume restrictions.
I am curious about what the "certain defined financial goals" are that are tied to the 576 k of shares in escrow. This is off an SEC filing.
All the Best
Druss
I haven't been able to get real far back on news on this company so far. I have been looking for older warrents than the ones I posted to you or more information on the ones we've got. |
