Just becarful on the NVDCW's I count sixteen days... From the November 16, 1998 NAVIDEC INC (NVDC) Quarterly Report (SEC form 10QSB)
sec.yahoo.com
On February 14, 1997, the Company consummated a public offering of 1,000,000 Units consisting of one share of Common
Stock and one Common Stock purchase warrant ("Warrant"). Each Warrant entitles the holder to purchase one share of
Common Stock at a price of $7.20 per share until February 10, 2002. The Warrants are redeemable at the option of the
Company, at $.05 per Warrant, at any time on or after February 10, 1998 or such earlier date as may be determined by
Joseph Charles & Associates ("JCA"). Of the 1,000,000 shares of Common Stock and 1,000,000 Warrants included in the
offering, 755,000 shares of Common Stock and 1,000,000 Warrants were sold by the Company, for net proceeds of
approximately $3,436,000 (after subtracting the underwriting discount and other expenses of the offering). The remaining
255,000 shares of Common Stock were sold by the investors in the Bridge Private Placement.
From November 1997 to April 1998, the Company raised net proceeds of approximately $2,229,750 from the issuance of
594,500 shares of commons stock and warrants in a private placement. Each Warrant entitles the holder to purchase one share
of Common Stock at a price of $7.20 per share until February 10, 2002. The Warrants are redeemable at the option of the
Company, at $.05 per Warrant, at any time on or after February 10, 1998 when the Company's Common Stock on 20
consecutive trading days has a closing market price above $8.40 per share and there is an effective registration statement on file
with the Securities and Exchange Commission. |
