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Microcap & Penny Stocks : Tokyo Joe's Cafe / Anything goes

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To: Sandra who wrote (18900)5/18/1998 3:23:00 PM
From: Galirayo  Read Replies (2) of 34592
 
[ BCAM Warrants ] Sandra,

They have been extended.

===>

Class B and Class E Warrants - The Company's Class B warrants were issued in connection with a 1990 public offering of securities of the Company. The Class E Warrants were issued in connection with a "Discounted Warrant Plan" offered to holders of the Class A Warrants (all of which have been exercised or expired) and Class B Warrants issued in connection with the public offering in 1990. The Class B and Class E Warrants are presently exercisable, were due to expire in January 1998, have been extended to October 17, 1998 and are subject to anti-dilution provisions. As a result of the financings completed in 1997, the anti-dilution provisions of the warrants were triggered and resulting in the following revisions to the warrant price and the number of shares subject to warrant:

Exercise price Number of shares Exercise price Number of shares
-------------- ---------------- -------------- ----------------
per warrant per warrant per share subject to warrant
----------- ----------- --------- ------------------
Class B Warrants:
-----------------
Previous $1.50 1.2 $1.25 969,191
Current $1.14 1.6 $ .71 1,292,254
Class E Warrants:
-----------------
Previous $1.25 1.1 $1.14 540,747
Current $0.95 1.5 $ .63 737,382

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