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Non-Tech : Bill Wexler's Dog Pound -- Ignore unavailable to you. Want to Upgrade?

To: Dale Baker who wrote (1747)	7/7/1999 5:49:00 PM
From: lindend	Respond to of 10293

This doesn't appear floorless to me. Is there something about the financing that attracts you?

To: Dale Baker who wrote (1747)	7/7/1999 10:07:00 PM
From: xcr600	Read Replies (1) \| Respond to of 10293

Dale, I took a quick glance at GUMM's s-1 and didn't see where it would be a floorless. Actually see a warrant jack in it for the future, ala MVIS. If I am wrong please correct, as this stuff gets somewhat murky to me. x Fisher Capital Ltd. and Wingate Capital Warrants On June 2, 1999, we issued Fisher Capital Ltd. and Wingate Capital Ltd. warrants to acquire a total of 300,000 shares of our common stock at an initial price of $12.44 per share. The warrants may be exercised by the holders at any time prior to June 2, 2002. The warrant exercise price and the number of shares of common stock issuable upon exercise of these warrants will be adjusted if we issue or sell any shares of common stock for a consideration per share less than the market price of the common stock for the five consecutive trading days immediately preceding the date of issue or sale. The holders of these warrants have a right to participate in any pro rata distribution of rights to purchase stock, warrants, securities, or other property to record holders of any class of our common stock. After June 2, 2000, we will have the right to redeem, on a pro rata basis, one-third, two-thirds, or all of the warrants on any day immediately following any 20 consecutive trading day period during which the closing bid price of our common stock exceeds $14.93, $19.90, or $24.88 respectively.