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Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments
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To: Goulds who wrote (1088)3/6/1998 9:27:00 PM
From: Scott Mc  Read Replies (2) of 18998
 
Davef, as far as I could tell(just a quick look since I don't intend
to own ACRT)the 8K just says he will not use the warrants issued in
Jan until the board meets and figures out adequate compensation. You
should know Amos already has over a million warrants exercisable well
in the money. The warrants he won't use are well out of the money..

11. Subsequent events:

On January 22, 1998, the Company issued Amos Aharoni, as part of a
compensation agreement, an option for 1,000,000 shares of the Company's
common stock at an exercise price of $15.40 per share with an expiration
date of January 22, 2005. The exercise price of the option is equal to the
market value on the date of grant.
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