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Microcap & Penny Stocks : ALFN - Toy Store On The Internet -- Ignore unavailable to you. Want to Upgrade?


To: CoffeePot who wrote (1884)6/8/1999 3:25:00 PM
From: J. Nelson  Read Replies (1) | Respond to of 2136
 
With this financing in place of $20 million would you ponder the question of/// Will W M Kasch and or others be matching the money in the pot ????

I wonder if there will be stock dilution and how much as it states a second wave of $10 million more if needed yet that's a option. Now a option of stock ????

>>>>The financial agreement calls for a private equity line for the purchase of common stock,
subject to registration and certain conditions, in an aggregate amount equal to $20 million.
The equity line has options to expand up to $30 million upon a mutual agreement of both
parties. The new capital will be used for development of their e-commerce site,
acquisitions and to launch a national multimedia advertising campaign for their new line of
toys, which are due out this summer, in time for the holiday season. This will allow
Alottafun! Inc. to compete with companies such as eToys and others pursuing the Internet
as a way to sell toys. <<<<

$20,000,000. at $1.00 is a lot of stock...... or was the deal struck at a lower price??? we do need to see the financial part of this deal IMO.....