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Microcap & Penny Stocks : Microvision (MVIS)
MVIS 0.981+3.8%Nov 24 3:59 PM EST

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To: dwight martin who wrote (2314)4/5/1999 5:59:00 PM
From: Razorbak  Read Replies (2) of 7720
 
Terms

<<Included in the terms is a provision that could result in a one-time adjustment in the number of common shares in the initial sale (but not the warrants) to a fixed maximum. The adjustment would be triggered, only in the event that the market price of Microvision common stock is less than $13.61 on the date of the effectiveness of the registration. Microvision intends to immediately file an S-3 registration statement covering the shares of common stock.>>

The specific terms governing this adjustment (rate and cap) will be interesting to peruse.

Razor
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