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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: Rande Is who wrote (9020)	7/2/1999 8:18:00 PM
From: Paullie	Read Replies (1) \| Respond to of 57584

[[ EDIT: Here is the link to two new BDE filings: freeedgar.com ]] Rande, Happy 4th! Could you shed some light on the following information about BDE and an S3 filing: It seems to me that BDE had to file an S3 for these particular shares. Does this mean that these shares may be sold and would it indicate that they will be sold? What does the $4.00 exercise option for Intel Corporation mean - not sure if they have executed, or if they are executing or if they may execute?? MOST IMPORTANTLY:Overall, do you see this as good development for the stock price or a hindrance???!!! This is still new to me as you know. Thanks!! marketwatch.newsalert.com Some excerpts: <<STOCK This is an offering of up to 2,727,522 shares of common stock of BRILLIANT DIGITAL ENTERTAINMENT, INC. The selling stockholders named in this prospectus are offering all of the shares to be sold in this offering. We will not receive any of the proceeds from the offering. >> << SELLING STOCKHOLDERS This prospectus may be used only in connection with the resale by the selling stockholders of shares of the common stock of Brilliant, as follows: o Up to 2,132,000 shares of common stock may be sold by seven investors; o Up to 300,000 shares of common stock may be sold by Intel Corporation; and o Up to 295,522 shares of common stock may be sold by Roseworth Group, Ltd.>> << Ltd.THE INVESTORS We are registering 2,132,000 shares of common stock on behalf of seven investors. These investors include Prince Ahmad Bin Khalid Al-Saud, Barry Baeres, Brent Cohen, Tim Helfet, Schuermann GbR, Tatich Financing, Inc. and Werner Family Trust. We issued these shares of common stock to the seven investors in a series of private sales in May 1999. We agreed to register these shares on a Form S-3 registration statement. We have agreed to elect Prince Ahmad Bin Khalid Al-Saud or his designee as a Class I director for a term ending in 2000. Additionally, we have agreed that so long as Mr. Al-Saud maintains ownership of at least 5% of our outstanding equity securities, we will use our best efforts to continue to cause Mr. Al-Saud or his designee to be nominated for election as a director.INTEL CORPORATION We are registering 300,000 shares of common stock on behalf of Intel Corporation. Intel may acquire the 300,000 shares of common stock by exercising a warrant we granted to Intel in July 1998. We granted the warrant to Intel in connection with a technology alliance we entered into with it in July 1998. The warrants currently are exercisable at an exercise price of $4.00 per share and expire in July 2001. We agreed to register the shares of common stock underlying the warrant on a Form S-3 registration statement. >> Thanks, paullie