SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Non-Tech : Pivot Rules, Inc. (Nasdaq : PVTR)
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: KonKilo who wrote (1)5/16/1998 12:08:00 AM
From: xclently  Read Replies (1) of 12
 
1.PVTR mentioned on NBR NASDAQ gainers...2.This is the info on PVTR warrants (from Form 424B1 for PIVOT RULES INC filed on May 20 1997-- possibly subject to modification ***please confirm before trading***
>>>Each Warrant entitles the holder to purchase one share of Common Stock for $5.00 during the four-year period commencing one year after the date of this Prospectus.
The Company may redeem the Warrants, at any time after they become
exercisable, at a price of $.01 per Warrant upon not less than 30 days' prior
written notice if the last sale price of the Common Stock has been at least
165% of the then exercise price of the Warrants (initially $8.25) on 20 out
of the 30 consecutive trading days ending on the third day prior to the day
on which such notice is given. <<<

==1 wt. + $5 gets you 1 common....if the stock trades above $8.25, they can "call" them or force you to exercise them, on 30 days notice. At that time, you can still trade out of them, they just won't have a premium value.==
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News