NH, The post techstocks.com is also outdated.
The 23.7 million (+ 6 million) figure includes the 2.416 million mentioned in the S-3 edgar-online.com
( part of the Fletcher deal)
There was a 8-k filed on Feb 25, 1999
edgar-online.com
From this filing -
The total outstanding shares of Street Preferred Stock shall be converted into 4,270,228 shares of 7th Level Common Stock;
The total outstanding shares of Street Common Stock shall be converted into (i) 677,954 shares of 7th Level Common Stock, and (ii) 21,643.97 shares of Series D Stock which shall be convertible into 7,214,657 shares of 7th Level Common Stock);
# of new shares issued because of the merger
= 4,270,228 + 677,954 + 7,214,657
= 12.16 million shares
This would make the # of outstanding shares = 23.76 + 12.16 = 36 million. There are probably 6 more million shares that can be issued from converts, warrants, options, etc.
Regards.
Rajiv |
