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Technology Stocks : First Virtual Holdings (FVHI): Internet bottom fishing?
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To: Gutterball who wrote (27)4/23/1998 4:11:00 PM
From: Lazlo Pierce  Read Replies (1) of 87
 
Dan <If the price runs up, then the strike price for converting shares also runs up. They were planning on 60 cents, now its higher.>>
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That's not what the press release says. It says a non-bnding contract was signed to issue and sell a majority of the stock at .60 Period.

<<The non-binding letter of intent contemplates, among other terms, that the company issue and sell to the investors a number of shares which would constitute a majority of all outstanding shares of the company's Common Stock at a price of $0.60 per share. Such a transaction would result in substantial dilution to existing holders of the company's Common Stock due to the number of shares issued.>>

Dave
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