Talk about dilution, check this out. From ILNK's S-1 Sept 3, 1998
Total of 63,147,975 approx shares (or about a 240% increase in current oustanding shares)to be outstanding when all warrants, preferred stock, etc are distributed. (Winter Harbor will own more thaan 60% of entity).
Common Stock Outstanding Prior to Offering 18,556,384 (1)
Common Stock Outstanding After the Offering 18,995,699 (2)
NASDAQ Symbol ILNK
(1) As of August 19, 1998. Does not include: (a) 1,248,192 shares of Common Stock issuable upon conversion of the outstanding Class C Preferred Stock;(b) 272,280 shares of Common Stock proposed to be distributed on or before November 15, 1998 as payment of dividends due on Class C Preferred Stock and up to approximately 167,035 shares of Common Stock to be distributed as dividends to become payable on Class C Preferred Stock through May 15, 2001; (c) options to purchase 10,030,042 shares of Common Stock granted to
officers, directors, employees and consultants of the Company; (d)
29,764,727 shares of Common Stock issuable upon exercise of warrants,
conversion of the Series M Preferred Stock and conversion of certain
convertible promissory notes issued to Winter Harbor, LLC; (e)
approximately 2,670,000 shares of Common Stock issuable upon conversion of the Series F Preferred Stock , exercise of related warrants or as payment of dividends thereon. |
