Looks like Brad expects his share price to exceed $12 for at least 10 consecutive days within the next 2 years. I sure hope that he's right and exceptionally conservative.
From the 8K filed yesterday:
Under the terms of the Agreement, each share of Concept Common Stock issued and outstanding ... was converted into the right to receive one-third of a share of Mattson Common Stock. Of the 895,138 shares of Mattson Common Stock to be issued in connection with the Merger (the "Mattson Shares"), 89,514 shares, will be held in escrow for one year as security against breaches by Concept ...
Notwithstanding the foregoing, an aggregate of 100,000
shares from the Mattson Shares otherwise issuable to the shareholders of Concept as a result of the Merger shall not be issued initially and shall only be issued if Concept achieves net revenues of $16,667,000 based upon generally accepted accounting principles (the "Concept Revenue Milestone") during the first twenty-four (24) full calendar months following the Closing Date (the "Measurement Period").
In addition, up to 447,569 additional shares of Mattson Common Stock may be issued by the Company to the Concept Shareholders at the end of the Measurement Period if the Concept Revenue Milestone is met and the Company's closing share price for its Common Stock (as reported by the Wall Street Journal and as adjusted by stock splits, stock dividends and the like) does not reach at least $12 per share for any
consecutive ten (10) day trading period during the Measurement Period. |
