NP Energy Cp New Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : NP Energy Cp New

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Win-Lose-Draw who wrote (15426)	3/25/1999 8:17:00 PM
From: Ken Sammut	Read Replies (3) of 22810

Here is the story. NPEC can convert their Preferred shares over a three year period (18.8M shares divided by 3). 6+ million commons shares each year for the price of 25 cents per share once the price of MDIN hits at least $1.00. It would cost NPEC approximately $1.6 to convert their MDIN shares each year no matter what the price of MDIN as long as it is over a $1.00. All the Preferred shares would be convertible sooner if MDIN was bought out. If all 18.8 Million shares were converted it would cost NPEC $4.5M. $18.8M or more of stock for $4.7M is not a bad deal. Ken

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next