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To: John H. who wrote (2906)6/15/1999 12:11:00 PM
From: VikingWarrior  Read Replies (1) | Respond to of 7721
 
John,

"the stock must be $24 bid or better for 20 days"

Do you mean as measured at the close?

VW



To: John H. who wrote (2906)6/15/1999 12:14:00 PM
From: Fred M  Respond to of 7721
 
To clarify the warrant conv. pr.

From the 1996 SB2A at FreeEDGAR:

The Warrants are exercisable at any time, unless previously
redeemed, until the fifth anniversary of the effective date of this offering,
subject to certain conditions. The Company may redeem the outstanding Warrants,
in whole or in part, at any time upon at least 30 days prior written notice to
the registered holders thereof, at a price of $.25 per Warrant, provided that
the closing bid price of the Common Stock has been at least 200% of the exercise
price of the Warrants for each of the 20 consecutive trading days immediately
preceding the date of the notice of redemption.

freeedgar.com

Fred