Firstwave Technologies, Inc. (FSTW) Message Board

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Technology Stocks : Firstwave Technologies, Inc. (FSTW)

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To: Russian Bear who wrote (172)	12/29/1997 4:16:00 PM
From: Hoatzin	Read Replies (1) of 1205

Can anyone give me some more details on the terms of the Netgain transaction? I found this in the last 10Q: As of July 25, 1997, the Company has entered into an option to purchase an internet based software company, Netgain Corporation. Option payments of $285,000 have been made and additional option payments of $70,000 monthly will be made until the exercise of the option, or January 31, 1998, whichever occurs first. If the option is exercised, 200,000 shares of the Company's common stock will be placed in escrow and will be released based upon achievement of targeted revenues realized from sale of Netgain products. Additional shares may be issued depending on the achievement of future revenues from sale of Netgain products. The Company believes its current cash position is sufficient to fund its operations as well as these option payments. Is the agreement still on track? Is this (200K shares) the full extent of any immediate dilution on 1/31/1998? (Is this actually dilutive?) Does anyone know details of how many shares might be issued depending on the achievement of future revenues, and the revenue targets that might cause that to happen? Kevin

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