What do you you all think of this (link posted on Raging bull by someone):
SIRCO INTERNATL CORP files for common stock offer.
IFN Smart Edgar News - April 30, 1999 19:48
Excerpted from S-3 filed on 04/30 by SIRCO INTERNATIONAL CORP:
SIRCO INTERNATL CORP files for common stock offer.
SUBJECT TO COMPLETION, DATED APRIL 30, 1999
PROSPECTUS
3,311,696 Shares
SIRCO INTERNATIONAL CORP.
Common Stock
(Par value $.10 Per Share)
The shareholders listed in this prospectus are offering and selling up to
3,311,696 shares of common stock of Sirco International Corp. We will not
receive any proceeds from such sale.
Our common stock is listed on the NASDAQ Small Cap market under the symbol
"SIRC." The last reported bid price for the common stock on April 28, 1999, was
$1.719 per share. The last reported ask price for the common stock on such date
was $1.781 per share.
The selling shareholders may offer their shares of common stock through
public or private transactions in the over-the-counter markets, on or off the
United States exchanges, at prevailing market prices or at privately negotiated
prices. The selling shareholders may engage brokers or dealers who may receive
commissions or discounts from the selling shareholders.
See "Risk Factors" at page 7 of this prospectus for a discussion of certain
material factors which you should consider before investing in the common stock
offered by this prospectus.
Neither the Securities and Exchange Commission nor any state securities
commission has approved or disapproved of these securities or passed upon the
adequacy or accuracy of this prospectus. Any representation to the contrary is a
criminal offense.
The date of this Prospectus is _______________, 1999.
(End of Item Excerpt)
(End of Item Excerpt)
USE OF PROCEEDS
The shares of common stock offered hereby are being registered for the
account of the selling shareholders identified in this prospectus. See "Selling
Shareholders." All net proceeds from the sale of the common stock will go to the
shareholders who offer and sell their shares. Accordingly, we will not receive
any part of the proceeds from such sales of the common stock.
SELLING SHAREHOLDERS
The selling shareholders have informed us that the name, address,
maximum number of shares of common stock to be sold and total number of shares
of common stock that each selling shareholder owns are as set forth in the
following table. The selling shareholders may sell all or part of their shares
of common stock pursuant to this prospectus. The offering of such shares of
common stock is not being underwritten on a firm commitment basis. As a result,
we cannot give you estimates as to the number and percentage of shares of common
stock each selling shareholder will hold upon termination of this offering.
TABLE
CAPTION
Selling Shareholders
No. of Shares
No. of Shares of Maximum No. of Percentage of
Common Stock of Shares of Common Stock Common Stock
Beneficially Owned Common Stock to be Owned to be Owned
Name and Address Prior to Offering to be Offered After Offering After Offering (#)
S C C C C
Henry Azer(a).............. 375,000 125,000 250,000 2.62%
9 Forest Drive
Westport, CT 06880
(End of Item Excerpt)
(End of Item Excerpt)
SELLING SHAREHOLDERS
The selling shareholders have informed us that the name, address,
maximum number of shares of common stock to be sold and total number of shares
of common stock that each selling shareholder owns are as set forth in the
following table. The selling shareholders may sell all or part of their shares
of common stock pursuant to this prospectus. The offering of such shares of
common stock is not being underwritten on a firm commitment basis. As a result,
we cannot give you estimates as to the number and percentage of shares of common
stock each selling shareholder will hold upon termination of this offering.
Selling Shareholders
No. of Shares
No. of Shares of Maximum No. of Percentage of
Common Stock of Shares of Common Stock Common Stock
Beneficially Owned Common Stock to be Owned to be Owned
Name and Address Prior to Offering to be Offered After Offering After Offering (#)
Henry Azer(a).............. 375,000 125,000 250,000 2.62%
9 Forest Drive
Westport, CT 06880
Access One Communi-cations 1,820,000 1,820,000 -- --
Corp.(b)................
4205 Vineland Road
Suite L15
Orlando, FL 32811
Ideal Pacific Ltd.(c)...... 211,978 145,311 66,667 *
Block N 4/F
Guangdong Production I/E 203,875 203,875 -- --
Trading Corporation(c)...
11 Hok Yuen St., Hunghom
Kowloon Hong Kong
Winner Camping Goods Mfy 133,220 133,220 -- --
Ltd.(c)..................
13/F Block N-O Wah Lik
Ind. Centre
459-469 Castle Peak Road
Tsuen Wan, N.T.
Kowloon, Hong Kong
Koon Hing Plastic 100,841 100,841 -- --
Factory(c)................
Fuk Tsun Fty. Bldg., 4F
66-68 Fuk Tsun Street
Kowloon, Hong Kong
Cheng-Sen Wang(c).......... 357,720 268,831 88,889 *
9F Jen-ai Road, Sec. 4
Taipei, Taiwan R.O.C.
Albert H. Cheng(c)......... 389,590 300,702 88,888 *
199 Chung Ching North Road
11th Floor, Section 3
Taipei, Taiwan R.O.C.
(End of item excerpt.)
Selling Shareholders
No. of Shares
No. of Shares of Maximum No. of Percentage of
Common Stock of Shares of Common Stock Common Stock
Beneficially Owned Common Stock to be Owned to be Owned
Name and Address Prior to Offering to be Offered After Offering After Offering (#)
Riderpoint Inc.(d)......... 250,000 150,000 100,000 1.05%
14 Madison Avenue
Valhalla, NY 10595
Geils & Co. Inc.(e)........ 30,916 30,916 -- --
54 Danbury Road
Suite 318
Ridgefield, CT 06877
Eric M. Hellige(f)......... 58,000 33,000 25,000 *
410 Park Avenue
New York, NY 10022
(End of item excerpt.)
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