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To: one_less who wrote (5932)6/9/1999 1:35:00 PM
From: Ga Bard  Read Replies (1) | Respond to of 7039
 
From the Prospetus: The Series A Warrants contain provisions that protect the holders
against dilution by adjustment of the exercise price in certain events, such as
stock dividends and distributions, stock splits, recapitalization, mergers or
consolidations and certain issuance's below the fair market value of the Common
Stock
. The Company is not required to issue fractional shares upon the exercise
of a Series A Warrant.The holder of a Series A Warrant will not possess any
rights as a stockholder of the Company until such holder exercises the Series A
Warrant.


Read the filings Brees ... the warrants can be used to impede the common share price below its fair market value.

:-)

GB